Thursday, 28 January 2016

Asia stocks trim losses despite Wall Street selloff

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Markets in Asia trimmed losses to trade mixed, following a lower finish on Wall Street after the Federal Reserve kept its monetary policy unchanged, but appeared to signal expectations of weaker US growth. 

Japan's Nikkei 225 was down 0.16 percent after falling as much as 1.01 percent following market open, while across the Korean Strait, the Kospi slipped 0.30 percent. 

Down Under, the ASX 200 erased losses to trade up 0.53 percent, with the energy and materials sectors up 1.50 and 1.32 percent respectively.

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