Tech Fund: Bank and Tokyo Trading

tech fund: The European Central Bank will meet Thursday and is expected to lay groundwork for cutting rates in the fall, according to Market Watch. The head of the Reserve Bank of Australia will also speak Thursday and may give clues about future policy direction, and the Bank of Japan will meet next week, with experts saying its direction may depend on what the ECB does. Investors were largely awaiting word from central banks. The Fed also meets next week, when it is expected to cut interest rates. Australia's S&P/ASX 200 XJO, -0.36% gained 0.3%. Among individual stocks, Soft Bank 9984, 1.09% gained in Tokyo trading amid a report that it is poised to invest 40 billion in a new tech fund that will be backed by Apple AAPL, 0.35% and Goldman Sachs GS, 0.98% . Nintendo 7974, 0.10% also gained, while Sony 6758, 0.90% fell. Japan's Nikkei NIK, -0.45% rose 0.3%, and Hong Kong's Hang Seng Index HSI, -0.69% edged up 0.2%. The Shanghai Composite SHCOMP, 0.24% inched ahead 0.3% and the smaller-cap Shenzhen Composite 399106, 0.04% advanced 0.3%. South Korea's Kospi 180721, -0.40% slipped 0.7% after North Korea launched two short range missiles into the sea., while benchmark indexes in Taiwan Y9999, -0.45% Singapore STI, -0.52% Malaysia FBMKLCI, -0.52% and Indonesia JAKIDX, -1.19% were a mixed bag. (news.financializer.com). As reported in the news.