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Asian markets move higher after the Fed holds interest rates steady

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Asian markets mostly rose after the US Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts

Hong Kong Asian markets mostly rose Thursday after the Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts.

Hong Kong's Hang Seng Index advanced 1.2%. South Korea's Kospi gained 1.1%. Japan's Nikkei 225 moved up 0.2%. China's Shanghai Composite crept higher at open, but soon dipped 0.1%.The Federal Reserve left its benchmark rate steady Wednesday in the United States. It also signaled an intention to keep interest rates unchanged in 2020 unless there is a material change to the economic outlook.

 

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