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4/29, 7:37 AM (Source: TeleTrader)
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Asia trades mostly higher as Fed holds rates

Major stock exchanges in Asia traded mostly higher on Thursday after United States Federal Reserve decided yesterday to keep its interest rates unchanged. In addition, US President Joe Biden noted that his country will not look "to start a conflict [with China], but to prevent one." Meanwhile, Samsung reported its latest quarterly report, exceeding market expectations.

The Nikkei 225 index was closed due to a public holiday. The Shanghai Composite was 0.27% higher at 7:16 am CET, while the Shenzhen Composite Index was up 0.24% at 7:31 am CET and the Hang Seng rose by 0.59% a minute later. The Kospi was flat at 7:32 am CET. The S&P/ASX 200 in Australia gained 0.28% at the same time.

The dollar was flat compared to the yen, going for 108.6030 at 7:33 am CET.

Breaking the News / MS