Stocks edge up on BOJ policy shift

Chinese mainland stocks rose slightly on Wednesday, aided by strength in property and financial stocks, although the general mood remained cautious.

The market was also underpinned by a surge in major steelmakers as investors bet on the next target of government-led restructuring, after the disclosure of merger plans between Baoshan Iron and Steel and Wuhan Iron and Steel.

The blue-chip CSI300 index rose 0.3 percent to 3,266.64 points, while the Shanghai Composite Index gained 0.1 percent to 3,025.87 points.