· Asian stocks rise with bond yields as Fed outcome boosts risk sentiment
Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation.
Bond yields rose while the dollar stabilized after slumping overnight as havens fell out of favour. Gold gained along with crude oil.
· Japan's Nikkei (.N225) climbed 1.67% and touched a three-week intraday high, while Taiwan's benchmark (.TWII) gained 0.62%.
· Mainland China shares slipped though, with an index of blue chips (.CSI300) losing 0.12%.
· MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) added 0.26%.
· U.S. e-mini futures pointed to a 0.12% rise for the S&P 500 (.SPX), after it rallied 1.63% overnight to finish near a record high.
· Ten-year U.S. Treasury yields edged up to 1.4718%, adding to Wednesday's advance.
· European markets rally as investors digest Fed decision; Stoxx 600 up 1.5%
Reference: CNBC,Reuters
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