{"id":42158,"date":"2013-09-19T06:37:55","date_gmt":"2013-09-19T10:37:55","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42158"},"modified":"2013-09-19T06:37:55","modified_gmt":"2013-09-19T10:37:55","slug":"asian-stocks-jumps-after-feds-unexpected-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/19\/asian-stocks-jumps-after-feds-unexpected-decision\/","title":{"rendered":"Asian Stocks Jumps After Fed\u2019s Unexpected Decision"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks across the Asian region was seen rising \u00a0on Thursday, boosted by the surprising \u00a0\u00a0decision by the US Federal Reserve (Fed) to keep its $85 billion monthly monetary stimulus unchanged.<\/p>\n

“We have decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,”\u00a0Fed policymakers said in a statement. “We could begin later this year, but even if we do that, the subsequent steps will be dependent on the continued progress of the economy,” Bernanke said during a press conference following the statement release.<\/p>\n

The Japanese yen was seen advancing 0.45% higher at \u00a598.37 against the US dollar at the time of writing, while the Australian currency was 0.39% higher to $0.9486 at the same time.<\/span><\/p>\n

Gold futures for December gained 4.09% to $1,361.10 an ounce after the unexpected decision by the Federal Reserve until the time of writing.<\/p>\n

Asian Stocks \u2013 Japan<\/span><\/h2>\n

The Japanese benchmark Nikkei 225 climbed 1.80% higher to 14,766.18 points on Thursday, while the Tokyo\u2019s broader Topix index rose 1.88% to 1,215.48 points. Japan\u2019s ministry of finance announced that the country\u2019s trade balance advanced to \u00a5790 billion in August.<\/p>\n

Pacific Metals, stainless steel manufacturer, saw the most gains on the Nikkei 225, rising 9.3% higher, while Pioneer Corporation declined 1.2%.<\/p>\n

The Bank of Japan\u2019s (BoJ) Governor Haruhiko Kuroda is expected to speak at the National Securities Industry Convention in Tokyo, later today and on Friday.<\/p>\n

While the Central Bank\u2019s board member Takahide Kiuchi, spoke earlier in Hokkaido. He said that BoJ should not aim to achieve its 2% inflation rate in two years because he predicts the period is too short.<\/p>\n

\u201cAt this point, under the current commitment, I can\u2019t deny the possibility that the BoJ will be influenced by external factors such as market expectations and will be forced to respond in such a way,\u201d he said.<\/p>\n

Asian Stocks – Hong Kong Gains<\/span><\/h2>\n

Hong Kong\u2019s benchmark Hang Seng rose 1.58% higher to 23,490 points at the time of writing, boosted by the series of upbeat data\u2019s released recently.<\/p>\n

Sino Land, real-estate developer saw the most gains during the session with 5.9% gains, while the hygiene products manufacturer Hengan International Group dropped 2%.<\/p>\n

 <\/p>\n

Interested in trading shares in Asian Markets? \u00a0Visit<\/i><\/strong>\u00a0<\/i><\/b>www.hymarkets.com<\/a><\/i><\/strong>\u00a0<\/i><\/b>today and start trading from $50!\u00a0<\/i><\/strong><\/p>\n

The post Asian Stocks Jumps After Fed\u2019s Unexpected Decision<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks across the Asian region was seen rising \u00a0on Thursday, boosted by the surprising \u00a0\u00a0decision by the US Federal Reserve (Fed) to keep its $85 billion monthly monetary stimulus unchanged. “We have decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,”\u00a0Fed policymakers … <\/p>\n

Continue reading “Asian Stocks Jumps After Fed\u2019s Unexpected Decision”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42158","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=42158"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}