The Bank of Japan held its policy steady as predicted. This has brought the upsurge in the Tokyo stocks followed by the strength in yen on 30th April 2014 . Japan's Nikkei stock average wiped out the gains attained in the early trade and slid down by 0.1 %. The BOJ board’s decision to hang on to the steady monetary policy fueled the change.
MSCI's broadest index of Asia-Pacific shares outside Japan moved down by 0.3 %, wiping away the initial gains. However, it is on a monthly rise of above 1 %. Hong Kong's Hang Seng index dropped down by 1.2 % after investors started reaping the gains attained from the late-afternoon sprint on 29th April 2014 . Hang Seng index moved up by 1 % during the final hour of the trade on 29th April 2014.
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