Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe
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The BOJ raised interest rates to their highest since the 2008 global financial crisis, with attention now shifting to any clues from BOJ Governor Kazuo Ueda in his briefing on the pace and timing of f
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg.
The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates as others cut, with the European Central Bank seen certain to deliver just the latest in a string of easings today.
Rising tariff risks, a potential Sputnik moment in tech and looming holidays have left hedge funds and other currency traders across Asia unsure of just what bets to make, according to market participants.
The downward start in Asia comes as a global risk rally this week, fueled by traders re-adjusting Federal Reserve interest rate cut bets following Wednesday’s benign inflation data, loses steam.
Shares in Japan opened slightly lower, weighing down a gauge of Asian equities despite a small gain for shares in Australia. Many of the region’s equity markets including China, South Korea and Taiwan remained closed for the Lunar New Year holiday.
The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates as others cut, with the European Central Bank seen certain to deliver just the latest in a string of easings today.
U.S. stock indexes ended slightly lower on Wednesday, and tech was the biggest drag on the S&P 500, as the benchmark slipped 0.5%
Asian stocks were poised to track their US peers lower on Thursday after the Federal Reserve held rates unchanged as expected, with Chair Jerome Powell saying officials were not in a hurry to lower rates.