Asian markets ticked higher in early trading Thursday after the U.S. Federal Reserve kept interest rates unchanged and indicated there would be no rate hikes for the rest of the year.
While Fed Chairman Jerome Powell said Wednesday that the U.S. economy was in “a good place,” the announcement was interpreted as a sign of caution toward slowing global growth.
rose 0.2%, while Hong Kong’s Hang Seng
advanced about the same. The Shanghai Composite
gained 0.6% and South Korea’s Kospi
rose 0.3%. Stocks mostly gained in Taiwan
, but declined slightly in Australia
Among individual stocks, Rakuten
surged in Tokyo trading, while Sony
and Yahoo Japan
slipped. In Hong Kong, CNOOC
and Sands China
rose, and Samsung
and SK Hynix
jumped in Korea.
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