All the Asian equity markets were trading jubilantly in Thursday’s morning deals as Fed refrained from tapering stimulus program at its highly anticipated monetary policy meeting. The Fed said it would continue to purchase bonds at a pace of $85 billion per month. The Japanese stock market rose sharply, with investors indulging in some brisk buying at several counters, tracking the overnight surge on Wall Street following the US Federal Reserve’s decision to keep its economic stimulus program in place. Meanwhile, the country’s exports climbed 14.7 percent year on year, beating expectations for an increase of 14.5 percent after collecting 12.2 percent in the previous month. Imports jumped an annual 16.0 percent versus forecasts for 18.5 percent after showing an increase of 19.6 percent a month earlier.
Hang Seng surged 394.67 points or 1.71% to 23,512.12, Jakarta Composite zoomed 198.24 points or 4.44% to 4,661.49, KLSE Composite strengthened 18.68 points or 1.05% to 1,790.08, Nikkei 225 soared 218.50 points or 1.51% to 14,723.86 and Straits Times was up by 51.49 points or 1.61% to 3,245.34.
Stock markets in China, Taiwan and South Korea remained shut for the trade today on account of public holidays.
Hang Seng surged 394.67 points or 1.71% to 23,512.12, Jakarta Composite zoomed 198.24 points or 4.44% to 4,661.49, KLSE Composite strengthened 18.68 points or 1.05% to 1,790.08, Nikkei 225 soared 218.50 points or 1.51% to 14,723.86 and Straits Times was up by 51.49 points or 1.61% to 3,245.34.
Stock markets in China, Taiwan and South Korea remained shut for the trade today on account of public holidays.
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