MSCI's broadest index of AsiaPacific shares outside Japan shot up 1.8 per cent, its biggest oneday percentage jump in a month, although China stumbled again and a stronger yen pushed Tokyo down 0.7 per cent.
China stocks closed down on Dec 14, erasing gains in early trade, as credit data showed domestic demand remained weak, while Hong Kong shares tracked global markets higher.
Singapore's Straits Times Index closed up 0.6 per cent.
The Fed left interest rates unchanged on Dec 13 and its chairman Jerome Powell said its historic tightening of monetary policy is likely over, with inflation falling faster than expected.
A near-unanimous 17 of 19 Fed.
officials project that the policy rate will be lower in a year's time - with the median projection showing the rate falling threequarters of a percentage point from the current 5.25 per cent to 5.5 per cent range.
US Fed funds futures boosted the chances of rate cuts starting as soon as in March after the Fed decision, according to LSEG's FedWatch. The market has priced in more than 150 basis points of easing in 2024.
Diese Geschichte stammt aus der December 15, 2023-Ausgabe von The Straits Times.
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Diese Geschichte stammt aus der December 15, 2023-Ausgabe von The Straits Times.
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