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.
Esta historia es de la edición December 15, 2023 de The Straits Times.
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Esta historia es de la edición December 15, 2023 de The Straits Times.
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VERDY'S APPROACH AN EYE-OPENER
Former Lions turned coaches Alam Shah and Isa inspired by stint with Japanese club
Lions' morale-boosting win comes at a price
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Conditions to blame for 'ugly' draw, says Messi
Argentina were held to a 1-1 draw by Venezuela on Lionel Messi's return, as Brazil got their 2026 World Cup qualifying campaign back on track with a last-gasp 2-1 victory over Chile on Oct 10.
Belgium punish Italy at set pieces in 2-2 draw
Italy coach Luciano Spalletti blamed bad luck, as Belgium bounced back from two goals down to draw 2-2 with his 10-man side in Rome on Oct 10 to boost their hopes of reaching the Nations League quarter-finals.
CARSLEY'S MIDFIELD OVERLOAD BACKFIRES
England temp boss dismayed by mistakes as Three Lions lose to Greece for first time
Player strike in England unlikely: Sports law expert
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SOCCEROOS HAVE NO FEAR
They head to Japan with confidence despite never having beaten the Samurai Blue there
Toyota back in F1 with Haas tie-up
The United States-owned Haas Formula One team and Toyota announced a multi-year technical partnership on Oct 11, in a move bringing Japan's biggest carmaker back to grand prix racing for the first time since 2009.
SABALENKA TO STICK TO HER BRAVE PLAN
World No. 2 will be aggressive in Wuhan semi against Gauff; Fritz takes on Djokovic
Nadal's beauty lay in his purity as a competitor
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