MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.84% higher, while Japan’s Nikkei rose 0.37%. Australia’s S&P/ASX 200 index added 0.37%.
Reuters
February 02, 2023 / 09:29 AM IST
Asian Markets
Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the U.S. central bank will soon end its monetary tightening streak.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.84% higher, while Japan’s Nikkei rose 0.37%. Australia’s S&P/ASX 200 index added 0.37%.
Chinese stocks were 0.11% higher, while Hong Kong’s Hang Seng Index was up nearly 1%.
The U.S. central bank announced an expected 25 basis points interest rate increase after a year of larger hikes and said it had turned a key corner in the fight against a high inflation rate. But policymakers projected “ongoing increases” in borrowing costs would still be needed.
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