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Asian shares mostly fall and gold jumps more than 4% after the Fed keeps rates unchanged
['News Staff', 'Yuri Kageyama', 'The Associated Press', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width']
CityNews Halifax
That was expected, and Fed Chair Jerome Powell said interest rates look to be “in a good place” for now.
Gains for some technology companies reporting strong earnings failed to lift shares in Tokyo, where the Nikkei 225 lost 0.2% in morning trading to 53,274.71.
Elsewhere in Asia, South Korea’s Kospi surged 0.9% to 5,218.81, hitting a fresh record as computer chip maker SK Hynix picked up 2% on a strong earnings report.
Lower rates could also further undercut the U.S. dollar’s value, which would help U.S. exporters.
Trump has been pushing aggressively for lower rates.