Asia trades higher after Fed holds rates

Thursday, 21. March 2019 04:37

Asian stock markets traded in the green on Thursday after the United States Federal Reserve decided not to raise interest rates and revised down the growth outlook for 2019. Meanwhile, investors were following new developments in the US-China trade talks. While a report stated that the two countries should sign a trade deal by the end of June, US President Donald Trump said he is considering keeping tariffs on Chinese goods for a "substantial period of time."

The Japanese Nikkei 225 was closed for a holiday. The South Korean Kospi Composite was up 0.72% at 4:32 am CET.

China's Shanghai Composite rose 0.61% at 4:30 am CET, while the Shenzhen Composite added 0.58% at the same time. Hong Kong's Hang Seng traded 0.72% higher at 4:35 am CET.

Australia's S&P/ASX 200 went down 0.15% at 4:35 am CET.

The US dollar lost 0.16% against the Japanese yen to change hands for 111.52 at 4:36 am CET.

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Breaking the News / DJ