Asian markets settled mostly higher on Thursday after the US Federal Reserve announced a 25-basis points interest rate hike in line with expectations, but still left the door open for future hikes. US Federal Reserve Chair Jerome Powell said the central bank’s staff are no longer forecasting a recession, as the US Fed aims to stem inflation by raising rates without causing an economic downturn. Japanese shares gained ahead of the Bank of Japan's policy meeting on Friday, with expectations that it will stick to ultra-loose monetary policy. However, Chinese shares declined slightly amid the lack of details on stimulus measures.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,216.67 | -6.36 | -0.20 |
| Hang Seng | 19,639.11 | 273.97 | 1.40 |
| Jakarta Composite | 6,896.66 | -51.62 | -0.75 |
| KLSE Composite | 1,451.27 | 1.98 | 0.14 |
| Nikkei 225 | 32,891.16 | 222.82 | 0.68 |
| Straits Times | 3,337.42 | 32.46 | 0.97 |
| KOSPI Composite | 2,603.81 | 11.45 | 0.44 |
| Taiwan Weighted | 17,241.82 | 79.27 | 0.46 |
