TELETRADER News
12/7, 8:23 AM (Source: TeleTrader.com)
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Asian markets mostly rise after Fed report

Markets in East Asia traded mostly in the green territory following days of sharp losses, after a report said that the United States Federal Reserve is considering a new a more cautious approach in raising interest rates after the potential December hike. Meanwhile, Huawei appointed an interim CFO after the arrest of Meng Wanzhou in Canada, on the request of the US. Media also reported that the Japanese government is considering a ban on equipment made by Chinese tech manufacturers Huawei and ZTE from being used in their ministries.

The Nikkei 225 closed 0.82% in the green. South Korean Kospi Composite edged up 0.34% at 7:32 am CET.

Chinese indices traded flat, as the Shanghai Composite was only 0.02% in the green at 8:00 am CET, while Shenzhen stocks slid 0.01%at 8:16 am CET. Hong Kong's Hang Seng index rose 0.07% at 8:07 am CET.

Australia's S&P/ASX 200 declined 0.9% at 8:21 am CET.

The dollar increased 0.10% against the yen at 8:22 am CET, selling for ¥112.8150.

Breaking the News / NI