U.S. stock indices rose moderately on Tuesday amid Fed statements. The S&P 500 rose by 0.20% or 4.11 points to 2,100.40, while the Dow Jones Industrial Average advanced by 0.17% or 30.66 points to 17,935.14. At the same time, the Nasdaq Composite rose by 0.18% or 9.33 points to 5,064.88.
Policymakers signalled that the central bank is preparing to raise rates, but the pace of rate hikes is likely to be slow compared to earlier expectations.
Asian stocks mostly declined today amid China home price index. China's Shanghai Composite Index fell by 1.08% or 53.61 points to 4,914.29. Hong Kong Hang Seng fell by 0.12% or 32.11 points to 26,721.68. Meanwhile, the Nikkei declined by 0.94% or 190.28 points to 20,028.99 ahead of BOJ interest rate decision.
According to the National Bureau of Statistics, property prices in mainland China fell by 5.7% y/y in May compared with a fall of 6.1% in April.