Asian stocks advanced on Thursday after the U.S. Federal Reserve announced a 75 basis point rate hike, as widely expected, and indicated that it may be appropriate to slow the pace of increases going forward. The Fed said policy will be set meeting-by-meeting amid signs of an economic slowdown.
The upside remained somewhat capped as trading in U.S. stock futures indicated that the U.S. rally could stall when Wall Street reopens later in the day.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com