Asian equities are mixed on Fed views

Asian equities are mixed on Fed views

On Thursday, stocks in Asia were mixed, with financial markets digesting the Fed views on interest rates as well as the latest Bank of Japan review.

The Nikkei 225 tacked on 0.47%, Australia's S&P/ASX 200 went down 1.09%. The Hang Seng index soared 0.10% in Hong Kong. Meanwhile, the Shanghai Composite inched up 0.21%.

On Wednesday, Japan's Toshiba told it would have its memory chip unit sold to a consortium underpinned by Bain Capital. ¥2 trillion – that’s what the deal is worth.

The Bank of Japan didn’t change its monetary policy after the conclusion of it two-day gathering on Thursday.

As the Fed told, it would get down to unwinding $4.5 trillion in financial crisis-era support already in October and the major US bank stuck to its forecast to lift interest rates again in 2017.

Storm-related disruptions as well as rebuilding will impact economic activity in the USA in the nearer future, although past experience suggests that the storms won’t materially alter the course of the US economy over the medium term.


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