Asian stocks down, although the Fed is not yet considering withdrawing asset purchases

Asian stocks opened mixed, although the last meeting of the Federal Reserve reaffirmed its commitment to keep interest rates low until the US economy recovers more securely.

Futures sank in Japan and Hong Kong and climbed in Australia. US futures rose after modest gains led the S&P 500 to a new record, despite declining US stock markets.

FED officials agreed on the need to see more progress in the recovery before reducing their large-scale bond-buying program, according to minutes from last month’s meeting. They have downplayed inflation risks, arguing that the recent jump in the Ministry of Finance’s profitability reflects stronger growth prospects.

S&P 500 futures rose 0.1%. Nikkei 225 futures fell 0.35%. Australia’s S&P / ASX 200 futures rose 0.5%, while the Hang Seng index lost 0.7%.


 Junior Trader Mert Mustafa

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