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

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance