Tokyo – Asian shares have grown moderately on Thursday after an unnecessary completion on Wall Street, after most shares federal reserve left its main interest rate unchanged, as was highly expected as expected.
Japan’s benchmark Nickei has increased by 0.4% in trading 225 pm 36,943.30. Australia S&P/ASX has been added to 2002% at 8,191.70. South Korea’s Copsi increased by 0.3% to 2,582.07. Hong Kong’s Hang Cens stands at 0.5% at 22,807.50, while Shanghai composit achieved 0.3% at 3,353.81.
Investors monitor President Donald Trump’s comments on trade imbalances, as well as to satisfy the administrative administration of the US administration and react to the overall confusion about long -term economic impact.
Geopolitical tension also weighted in the market, focusing on the position between India and Pakistan. Pakistan has said that it will avenge the casualties killed by India’s missile strike, which New Delhi is expected to retaliate for the genocide of Indian tourists in India-controlled Kashmir last month. Pakistan has called strikes a law of war and claimed that it had dropped several Indian fighters jets.
The Pakistani military said the missiles were killed in Pakistan-ruled Kashmir and five people, including women and children in the Punjab province of the country. The Indian Defense Ministry said, “Terrorist attacks against India are planned,” these strikes target at least nine sites. Two mosques were hit.
On Wall Street, S&P500 achieved 0.4%, it was a two -day losing continuity that threw a nine -day win. The Doo Jones Industrial Average has added 284 points or 0.7%and Nasdak composit has increased by 0.3%.
The indicators were repeatedly shaking, and in the short sum of about 400 points, the United States and China could take the first step towards a trade agreement that could protect the global economy. The world’s two largest economy keeps growing tariffs on products coming from each other in the growing trade war and fear that if they do not allow trade more freely, they can cause recession.
This weekend helped to increase optimism between us and Chinese officials in Switzerland, but Trump said he had washed something that would not reduce his 145% tariff on Chinese products as a condition of discussion. China has created a need for trade negotiations for duty on duty, which is expected to help establish meetings.
This national uncertainty surrounding the tariff has helped to create intense swing in the US economy, including imports in the hope of beating the tariff. Below these bodies, as well as surveys show that US families are growing a lot more frustrating about the future, Fed said that at this point the economy is “looking at” at a strong speed “.
Fed Chair Jerome Powell said that Trump gave the central bank waiting for the central bank before taking any possible interest rates for lobbying for lobbying for lobbying for the economy’s juice.
Powell said, “There is so much that we don’t know.” So, like Wall Street and the rest of the world, waiting to see what will happen in Fed Trump’s trade war, and its tariffs, which were much more rigorous than expected, would be hit as a proposed.
This especially after the trade war seems to be “entering a new stage,” Powell said, where the United States is discussing more with other countries. Fed also says that it is appreciated that the tariff is increasing the risk of the economy, which both can weaken the job market and push the inflation to the higher.
Powell said, “If the tariffs have been declared a greater increase in tariffs, they may increase inflation, decrease economic growth and increase unemployment,” said Powell.
It can eventually put Fed into a worst situation called “stagflation”, where the economy is stagnant while inflation is high.
In the meantime, large companies in the United States started producing fat profits at the beginning of 2025 than the expectations of analysts. Walt Disney Co has easily jumped 10.8% after the analyst’s profit target was easily defeated, the forecast of its profit and adding more than a million streaming subscribers.
All said, s&P500 reached 24.37 points at 5,631.28. The Doo Jones Industrial Evening has added 284.97 points to 41,113.97, and the Nasdak composit has grown to 48.50 17,738.16.
In the bond market, the treasury yield has decreased after the announcement of the Fed. The 10 -year -old Treasury yield stands at 4.30% to 4.27% on Tuesday night.
In Energy Trading, Benchmark US Crude has achieved 55 cents $ 58.62 one barrel. International Standard Brent Croud has added a barrel to 48 cents to $ 61.60.
In the case of the currency business, the US $ 143.76 is from the yen to 144.14 Japanese yen. Euro is priced at $ 1.1285, less than $ 1.1317.
___
AP business writers Damian J Trys and Stan Cho contributed to the report.
Leave a Reply