Asian Shares rose on Thursday after Fed

Asian Shares rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over U.S.-China trade talks and slowing global growth capped broad gains and pulled some markets lower.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5 percent.
  • Chinese blue-chips, which spent the morning swinging between small losses and gains, were flat.
  • Seoul’s Kospi added 1 percent as regulators announced plans to cut the stock transaction tax this year.
  • Australian shares, which had risen earlier in the session, turned lower, dropping 0.5 percent.
  • The Dow Jones Industrial Average fell 0.55 percent to 25,745.67.
  • The S&P 500 lost 0.29 percent to 2,824.23.
  •  The Nasdaq Composite added less than 0.1 percent to 7,728.97.

Currencies

  • The dollar continued to ease after falling on Wednesday, with a basket tracking the currency against major rivals edging down to 95.874.
  • The greenback was down about 0.1 percent against the Japanese currency, buying 110.59 yen.
  • The euro was up 0.14 percent on the day at $1.1427.
  • The pound was up 0.2 percent at $1.3221.

Commodities

  • U.S. crude fell 0.1 percent to $60.17 a barrel after touching four-month highs on Wednesday.
  • Brent crude was a touch lower at $68.47.
  • Gold gained on the weaker dollar, with spot gold adding about 0.5 percent to $1,318.40 per ounce.

 

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