Skip to main content

MoneyWorks4Me

Asian markets close in green on Thursday

17 Dec 2015 Evaluate

Asian equity markets closed in green on Thursday, taking cues from a positive finish in Wall Street overnight after the Federal Reserve raised its target federal funds rate to a range of 0.25 to 0.5 percent. The rationale behind the move, the first since 2006, - Labor market has considerably improved this year and the central bank is confident of inflation rising over the medium term towards its 2 percent objective. China stocks ended higher as risk appetite improved after the Federal Reserve raised rates, as expected, removing a major source of uncertainty about the US central bank's policy.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,580.00 63.811.81
Hang Seng21,872.06170.850.79
Jakarta Composite4,555.9672.511.62
KLSE Composite1,656.5222.391.37
Nikkei 22519,353.56303.651.59
Straits Times2,861.18 20.260.71
KOSPI Composite1,977.968.560.43
Taiwan Weighted8,319.67 135.011.65