Asian indices up on less hawkish US Fed meet outcome@HighLight Update
Key Asian indices were higher today as investors heaved a sigh of relief following the less hawkish stance of US Federal Reserve.
The central bank announced a hike of 25 basis points in key interest rates to 1.75%, in line with market expectation. It also indicated that it expects two more rate hikes in this year.
In Japan, markets inched higher, reopening after a holiday on Wednesday. Shares of mining and oil companies led gains.
South Korea's Kospi index was the best performer in the region, with gains in shares of technology and oil companies.
Shares of oil companies rose following a rise in oil prices after data on Wednesday showed US crude inventories declined, contrary to market expectation of an increase.
The central bank announced a hike of 25 basis points in key interest rates to 1.75%, in line with market expectation. It also indicated that it expects two more rate hikes in this year.
In Japan, markets inched higher, reopening after a holiday on Wednesday. Shares of mining and oil companies led gains.
South Korea's Kospi index was the best performer in the region, with gains in shares of technology and oil companies.
Shares of oil companies rose following a rise in oil prices after data on Wednesday showed US crude inventories declined, contrary to market expectation of an increase.
| INDEX | LAST LEVEL | CHANGE IN % |
| South Korea's Kospi | 2506.8 | 0.88 |
| Japan's Nikkei 225 | 21547.4 | 0.78 |
| Hong Kong's Hang Seng | 31650.08 | 0.75 |
| Taiwan Taiex | 11100.03 | 0.55 |
| China's Shanghai Composite | 3288.0678 | 0.22 |
| Singapore Straits Times | 3511.71 | 0.02 |
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