Asian stocks rose as Fed turns more cautious

Asian stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.

Asian Stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan rose to its highest since Oct. 4 and was last up 0.9 percent.
  • Japan’s Nikkei rose 1 percent.
  • The Shanghai Composite Index rose 0.3 percent.
  • South Korea’s KOSPI added 0.3 percent.
  • The Dow and the Nasdaq rallied 1.7 percent and 2.2 percent, respectively.


  • The dollar index losses and slipped to a three-week low of 95.204.
  • A weaker dollar helped nudge the euro to $1.1509 , its highest since Jan. 11.
  • The greenback was slipped about 0.3 percent to a two-week low of 108.695 yen.
  • The pound was a shade higher at $1.3127.


  • U.S. crude oil futures were up 0.7 percent at $54.59 per barrel.


  •  10-year U.S. Treasury yield extended its decline to as far as 2.674 percent, its lowest since Jan. 14.


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