31 Oct 2013
Bitter sweet results in Asia
FXstreet.com (Chicago) – Equity indexes in Asia show mixed reactions to the highly expected Fed’s results and FOMC economic outlook in the US.
With no changes, the monetary policy remained the same indicating the US economy still has a long way to go before the 2% inflation target is met. In Japan, the Nikkei opened down and remains down 0.30%. Chine follows steps and prints 0.87% and 0.60% losses with the Shanghai Composite and the Hang Seng respectively. The Korean Kospi is also down 0.68%. On the other hand, winning indexes are the Australian S&P/ASX200 up 0.07% after the release of positive economic data in the country. The Indonesian IDX prints gains at 0.27% while in India the bullish sentiment also prevails with the S&P CNX Nifty up 0.50% and the Sensex 0.50% stronger.
With no changes, the monetary policy remained the same indicating the US economy still has a long way to go before the 2% inflation target is met. In Japan, the Nikkei opened down and remains down 0.30%. Chine follows steps and prints 0.87% and 0.60% losses with the Shanghai Composite and the Hang Seng respectively. The Korean Kospi is also down 0.68%. On the other hand, winning indexes are the Australian S&P/ASX200 up 0.07% after the release of positive economic data in the country. The Indonesian IDX prints gains at 0.27% while in India the bullish sentiment also prevails with the S&P CNX Nifty up 0.50% and the Sensex 0.50% stronger.