Asian Equities Higher after Fed

Asian equities outside Japan traded higher early Thursday, taking cues from a strong rebound on Wall Street overnight as investors reacted to a dovish statement from the Federal Reserve.

Overnight, Wall Street closed sharply higher after the U.S. central bank suggested a less aggressive timeline for raising interest rates. The Dow Jones Industrial Average and S&P 500 closed up more than 1 percent, respectively, while the tech-heavy Nasdaq rose 0.9 percent.

Japanese stocks bucked the Fed-inspired rally in the region as the yen strengthened to hover near the 120 handle against the U.S. dollar. The Nikkei 225 first soared above the 19,000 milestone on March 13 and has clinched two 15-year closing highs over the past three sessions.


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