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Asia stocks mixed after Fed decision; Nikkei ends up 1.6%

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Investing.com -

Investing.com - Asian stock markets were mixed on Thursday, following the Federal Reserve's decision to taper its monthly bond-buying program by $10 billion for the fifth consecutive meeting.

During late Asian trade, Hong Kong's Hang Seng dipped 0.2%, China's Shanghai Composite tumbled 1.77%, Australia's S&P/ASX 200 closed 1.59% higher, while Japan's Nikkei 225 ended up 1.62%.

Asia was given a positive lead from the U.S., where the S&P 500 closed at an all-time high after the Fed decided to reduce its monthly bond buying program by $10 billion to a total of $35 billion a month, citing strength in the U.S. economy.

In Tokyo, the Nikkei rallied to a three-month high, while shares in Australia bounced off the previous session's two-month low.

Meanwhile, shares in mainland China and Hong Kong ended lower amid ongoing concerns over the health of China's economy.

Looking ahead, European stock market futures pointed to a higher open. The Euro Stoxx 50 futures pointed to a gain of 1%, France's CAC 40 added 0.8%, London's FTSE 100 indicated a gain of 0.6%, while Germany's DAX inched up 0.9%.

Across the Atlantic, U.S. equity markets pointed to a flat open. The Dow futures pointed to a loss of 0.01%, the S&P 500 indicated a gain of 0.1%, while the Nasdaq 100 pointed to a rise of 0.1%.

The U.S. is to publish the weekly report on initial jobless claims as well as a report on manufacturing activity in the Philadelphia region later in the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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