TELETRADER News
9/21, 7:15 AM
(Source: TeleTrader)
Asia lower after Fed rate unchanged
Asian stock indexes plunged on Thursday following the Federal Reserve's decision to keep interest rates steady for now, but remarked that its prepared to increase if necessary. Shareholders in Japan await for the Bank of Japan's interest rate decision tomorrow after the government announced that new economic measures to combat inflation will be revealed next week.
The Shanghai Composite lost 0.63% at 7:00 am CET. China's Shenzhen Composite decreased 0.61% at 7:14 am CET. South Korean Kospi Composite dropped 1.57% at 7:16 am CET and Hong Kong's Hang Seng lost 1.37 %. A minute later, the Australian S&P/ASX 200 lost 1.39% while Japan's Nikkei 225 declined 1.29%.
At 7:18 am CET, the dollar traded flat against the yen, going for ¥148.3585.