Asian shares gain after Fed keeps rates on hold [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Asian shares gain after Fed keeps rates on hold Shares in Asia traded higher on Monday morning after the U.S. Federal Reserve announced overnight that it was keeping interest rates on hold , and indicated that no more rate hikes would be coming in 2019. The broad MSCI Asia-ex Japan index rose 0.37 percent to 531.11, as of 8:15 a.m. HK/SIN. In South Korea, the Kospi advanced 0.94 percent in early trade as chipmaker SK Hynix jumped more than 4 percent. Australia's ASX 200 was slightly higher in morning trade, with the materials subindex rising 0.5 percent as shares of major miners such as Rio Tinto and BHP Billiton advanced. Japanese stock markets were closed on Thursday for a holiday. The Fed announced on Wednesday that it would hold steady on interest rates and indicated that no more hikes would be coming this year. That was a reversal from its stance three months ago, when the central bank projected two interest rate hikes for 2019. That announcement sent the 10-year Treasury yield t
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CMCSA
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- 4/17/24 - Form 4
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