---
title: "Asia-Pacific stock markets rise, gold plunges breaking below the 2300 mark during trading hours"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/202552676.md"
description: "Asian stock markets rose, with gold falling below the $2300 mark. The rebound in US stocks overnight boosted Asian stock markets, leading to a higher opening. International gold prices plummeted by over 1% during the day, dropping below $2300 per ounce. The Governor of the Bank of Japan stated the need to maintain loose monetary policy conditions for a period of time. In the Asian foreign exchange market, the yen to dollar exchange rate fluctuated slightly, closing at 154.74"
datetime: "2024-04-23T02:22:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202552676.md)
  - [en](https://longbridge.com/en/news/202552676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202552676.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/202552676.md) | [繁體中文](https://longbridge.com/zh-HK/news/202552676.md)


# Asia-Pacific stock markets rise, gold plunges breaking below the 2300 mark during trading hours

On Tuesday, boosted by the rebound in US stocks overnight, the Asia-Pacific stock markets generally rose, continuing the momentum from Monday. However, international gold prices plummeted by over 1% intraday, falling below $2300 per ounce.

## Gold Plunges in Early Trading, Breaking Below $2300 Mark

Spot gold fell below $2300 per ounce, down by 1.12% to $2299 per ounce, marking the first time since April 8.

## Asia-Pacific Stock Markets Open Higher

The Nikkei 225 index opened higher but is currently down by 0.15%. The KOSPI index in South Korea rose by 0.2%, while the Philippine stock index increased by 1%.

Haruhiko Kuroda, Governor of the Bank of Japan, stated that it is necessary to maintain loose monetary policy conditions for some time. Given that the core inflation rate is still below 2%, maintaining loose monetary policy is appropriate at present. If geopolitical risks and weak domestic demand lead to market turbulence, the Bank of Japan will respond by providing liquidity flexibly and promptly. If inflation meets expectations, reducing the degree of looseness is feasible.

## Asia-Pacific Foreign Exchange Market

The exchange rate of the Japanese Yen against the US Dollar is slightly fluctuating, at 154.74.

The article is continuously updated

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