Economic news

Review: Asian stocks edge up after Fed meeting

Asian stocks hit a 10-year peak on Thursday after the U.S. Federal Reserve upgraded its economic outlook, virtually reinforcing the possibility of a December interest-rate hike.

MSCI’s broadest index of Asia-Pacific shares rose 0.2 percent to its top in 10 years.

Japan's Nikkei stock index added 0.2 percent.

Australia’s S&P/ASX 200 Index lost 0.1 percent, while South Korea’s Kospi index slumped 0.4 percent. \

Hong Kong’s Hang Seng Index slid 0.1 percent. The Shanghai Composite Index fell 0.5 percent.


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