Market Movements in Asia Following US Federal Reserve's Latest Rate Decision

On Thursday, the stock markets in Japan and Australia showed a positive trend as investors were digesting the latest interest rate decision by the United States Federal Reserve. The S&P/ASX 200 in Australia rose by 0.55%, while Japan's Nikkei 225 increased by 0.17% at 7:16 am CET. Concurrently, the dollar was trading 0.48% lower against the yen, with the exchange rate at 154.60550.

Lunar New Year Celebrations Affect Asian Markets

Meanwhile, the majority of stock exchanges across Asia remained closed in observance of the Lunar New Year. This included major indices such as the Shanghai Composite, the Shenzhen Composite, Hong Kong's Hang Seng, and South Korea's Kospi Composite, all of which did not operate due to the holiday.