Market

Asian Markets React Variably to US Federal Reserve's Unchanged Interest Rate Decision

Asian Markets Show Mixed Reactions Post US Federal Reserve's Announcement

On Thursday, the Asia-Pacific stock markets exhibited a mixed response following the United States Federal Reserve's decision to maintain the current interest rates. This decision has stirred diverse reactions across the region's financial landscapes.

Japan and Australia's Market Movements

Japan's Nikkei 225 remained steady, showing no significant change at 3:04 am CET. In contrast, Australia's S&P/ASX 200 experienced a rise, increasing by 0.56% at 3:05 am CET, indicating a positive shift in investor sentiment in the Australian market.

Holiday Closures in South Korea, Hong Kong, and China

Meanwhile, financial markets in South Korea, Hong Kong, and China were closed due to public holidays, leading to a temporary pause in trading activities in these major Asian economies.

Currency Movements

In the currency markets, the US dollar saw a decrease, trading 0.54% lower against the Japanese yen at 3:06 am CET, with the exchange rate settling at 154.51700. This movement reflects the ongoing adjustments in currency valuations in response to the Federal Reserve's decision.