{"id":42194,"date":"2013-09-20T09:10:58","date_gmt":"2013-09-20T13:10:58","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42194"},"modified":"2013-09-20T09:10:58","modified_gmt":"2013-09-20T13:10:58","slug":"asian-stocks-in-red-after-fed-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/20\/asian-stocks-in-red-after-fed-news\/","title":{"rendered":"Asian Stocks in Red After Fed News"},"content":{"rendered":"

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

Both Australian and Asian stocks were seen in red on Friday, as the Australian stocks dropped from its five-year high while Japanese stocks came in mixed on Friday.<\/p>\n

Investors were surprised by the Federal Reserve (Fed) decision over its monetary stimulus, as Asian Stocks were pushed by the new on Thursday. The week began with the news of former US Treasury Secretary Lawrence Summers withdrew as a candidate to become the next Federal Reserve (Fed) chairman.<\/p>\n

Asian stocks exchanges were closed due to the public holidays. China, Hong Kong and South Korea did not trade of Friday..<\/span><\/p>\n

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

The Japanese benchmark Nikkei 225 edged 0.16% lower at 14,743.00 on Friday, while Tokyo\u2019s broader Topix index was rising 0.29% higher to 1,218.98.<\/p>\n

Earlier in the day, the Bank of Japan (BoJ) governor Haruhiko Kuroda said that the country\u2019s economy is recovering and is track to reach the 2% inflation target.”Our main scenario is that overseas economies will gradually pick up as the US and European economies improve,” he said.<\/p>\n

“Japan’s economy is recovering moderately, as a virtuous cycle from income to spending is\u00a0gradually starting to operate in both the corporate and household sectors, In addition, looking at surveys conducted on households,\u00a0economists, and market participants, inflation expectations are judged to be rising on the\u00a0whole. The year-on-year rate of increase in the CPI is likely to rise gradually,” he added.<\/p>\n

The Bank of Japan (BoJ) \u00a560-70 trillion into the country\u2019s economy, with an aim to grow a total of\u00a0\u00a5270 trillion by the end of 2014.<\/p>\n

The bank introduced a quantitative and qualitative easing program (QQE) in April in order to achieve an inflation target of 2% in the next two years.<\/p>\n

The Japanese yen edged up 0.18% higher at \u00a599.24 against the greenback as of the time of writing.<\/p>\n

Australia<\/span><\/h2>\n

Sydney\u2019s major S&P\/ASX 200 dropped from its five-year high, edging 0.44% lower to 5,272.40.<\/p>\n

 <\/p>\n

 <\/p>\n

Interested in trading shares in Asian Markets? \u00a0Visit<\/i><\/strong>\u00a0www.hymarkets.com<\/a><\/strong>\u00a0today and start trading from $50!\u00a0<\/strong><\/i><\/b><\/p>\n

The post Asian Stocks in Red After Fed News<\/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 Both Australian and Asian stocks were seen in red on Friday, as the Australian stocks dropped from its five-year high while Japanese stocks came in mixed on Friday. Investors were surprised by the Federal Reserve (Fed) decision over its monetary stimulus, as Asian Stocks were pushed by the new on … <\/p>\n

Continue reading “Asian Stocks in Red After Fed News”<\/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-42194","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42194","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=42194"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}