Shanghai Composite index Archives - The Industry Spread

Fed to be Patient Raising Rates, Asian Stocks at Four Month High

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

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