Friday, 18 September 2015

Asian Shares Shrug Off Fed Decision

Asian shares outside Japan mostly rebound early Friday, recovering from early losses after the Federal Reserve cited concerns about global economic growth in its decision to hold off on its first rate hike in nearly a decade.
 "In the grand scheme of things, the decision by the Fed to leave rates unchanged is indicative that the global economy and the U.S. 
economy is performing worse than previously projected," 
IG's market analyst Angus Nicholson wrote in a note. Wall Street indexes gave up a 1-percent rally to end mostly lower overnight. 
The blue-chip Dow Jones Industrial Average and the S&P 500 slipped 0.4 and 0.3 percent respectively, while the Nasdaq Composite inched up 0.1 percent.

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