Stock Markets in Japan and Australia Respond Positively to US Federal Reserve's Interest Rate Decision

On Thursday, the stock markets in Japan and Australia saw an upward trend as investors digested the latest decision by the United States Federal Reserve regarding interest rates. This movement comes at a time when most Asian stock exchanges remained closed in observance of the Lunar New Year celebrations.

Market Performance: By the close of trading, Australia's S&P/ASX 200 had increased by 0.55%, while Japan's Nikkei 225 added 0.17% at 7:16 am CET. Concurrently, the dollar was trading 0.48% lower against the yen, with the exchange rate standing at 154.60550 at the same time.

Market Closures: Key stock exchanges in Asia, including the Shanghai Composite, the Shenzhen Composite, Hong Kong's Hang Seng, and South Korea's Kospi Composite, were all closed for the Lunar New Year holiday, contributing to the day's unique market dynamics.