Asian equities were mixed on Thursday as investors reacted to the end of quantitative easing in the U.S. and the region’s latest earnings.
The U.S. central bank ended its historic monthly bond purchase program on Wednesday, as widely expected. However, it maintained that interest rates will remain near zero for a considerable period of time. In its accompanying policy statement, the Fed upgraded its outlook for the labor market, which some analysts take as a sign that the bank is focusing on an interest rate rise.
Japanese shares rose to a new three-week high for the second straight day, after the yen weakened to a three-week low against the dollar overnight. Nintendo jumped over 4 percent after reporting an operating profit of $86 million in the July-September period, compared to a loss a year earlier.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.