HONG KONG: Federal Reserve’s decision of sticking to its timetable on increasing interest rates fanned a rally in Asian stock markets on Thursday.
The Fed’s statement that its funds would remain low also pushed rally in Wall Street and US dollar as well. Tokyo rallied by 1.13 per cent or 178.90 points, to 16,067.57; Sydney upped by 0.16 per cent and Shanghai gained 0.35 per cent, or 8.04 points, to 2,135.93.
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