Asian stocks mostly higher after Fed decision

Thursday, 21. March 2019 07:58

Markets in Asia Pacific traded mostly with gains on Thursday as investors digested the United States Federal Reserve's decision to hold interest rates and focused on the latest developments in US-China trade talks. According to media reports, the world's two largest economies are expected to reach a trade agreement by the end of June. However, US President Donald Trump stated that, even if a deal is reached, Washington plans to keep the tariffs on Chinese imports for a "substantial period of time" in order to make sure China "lives by the deal."

In China, Shanghai Composite rose 0.54% at 7:52 am CET and Shenzhen Composite jumped 1.25% at 7:41 am CET. Meanwhile, Hong Kong's Hang Seng fell 0.64% at 7:55 am CET.

Korea's Kospi added 0.36% at 7:32 am CET. In Australia, the S&P/ASX 200 ended the session 0.03% in the green.

The Nikkei was closed for the Vernal Equinox Day holiday. The dollar lost 0.20% against the yen to sell for 110.471 at 7:47 am CET.

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Breaking the News / NP