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Asia stocks gain as Fed signals no rate cuts in 2020

Shares in Asia traded upward in today’s session after the US Federal Reserve kept interest rates in the country unchanged and signaled that it did not intend to change rates in the new year.

The Nikkei 225 gained 0.3%, with Topix slightly up. In South Korea, Kospi advanced 1.57%, with shares of Samsung Electronics and SK Hynix jumping more than 2%.

In Hong Kong, Hang Seng added 1.26%, with tech giant Tencent jumping 2.12%. The AIA life insurer is also 2.31% in green.

In China, however, sentiment was mixed. Shanghai composite was down 0.14%, while Shenzhen gained 0.2%.

At the same time, shares in Australia fell, with the ASX 200 down 0.64%.


 Trader Georgi Bozhidarov


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