Asia stocks slip after Fed still unchanged
On Wednesday, Asian stock markets was decline after the Federal Reserve left rates still unchanged and to signal another round of quantitative easing, dampening request for riskier assets.
Over late Asian trade, Hong Kong’s Hang Seng Index slipped 0.25%, Australia’s S&P/ASX200 down at 0.15%, while Japan’s Nikkei 225 Index also decline 0.4%.
At currently monetary policy meeting, the Fed said that the U.S. economy “has been growing quietly” although just in slow condition.
The central bank said that there is no changes to make interest rates or bond-purchase program, investors was disappointed about they were hope a fresh round for indications of assets purchase.
Shares in Japanese lenders traded are weakness, with the nation’s largest bank Mitsubishi UFJ Financial Group was declining 1.5%, while investment bank Nomura Holdings dipped 1.1%.
Japanese exporters appeared under selling pressure after official data showed that retail sales in the U.S. up to 0.2% on Tuesday as the slowest part in five months.
Consumer electronics giant saw shares decline at 1.5%, Toshiba down1.15%, while shares in Honda traded also slumped at 2.2%.
Beside that, in Hong Kong, shares in property developers recently has been continuing their run of losses after China’s Ministry of Housing and Urban-Rural Development said earlier which it would maintain price curbs on real estate.









