Asian stocks mixed after US Fed lifts interest rate

Published: September 27, 2018 12:14:08 | Updated: September 29, 2018 11:57:30

File Photo (Collected)

Asian shares mixed on Thursday after the US Federal Reserve lifted its key interest rate as expected for the third time this year.

Japan's Nikkei 225 dropped 0.3 per cent to 23,952.30. South Korea's Kospi, which reopened after a national holiday, added 0.5 per cent to 2,349.99.

Hong Kong's Hang Seng index slipped 0.4 per cent to 27,713.83. The Shanghai Composite Index lost 0.2 per cent to 2,802.18. Australia's S&P ASX 200 was less than 0.1 per cent lower at 6,189.70.

Shares fell in the Philippines but rose in Taiwan, Singapore and Indonesia, reports AP.

The S&P 500 index dropped 0.3 per cent to 2,905.97. The Dow Jones Industrial Average fell 0.4 per cent to 26,385.28. The Nasdaq composite was 0.2 per cent lower at 7,990.37.

Benchmark US crude rose 88 cents to $72.45 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 1 per cent on Wednesday to close at $71.57.

Brent crude, used to price international oils, added 87 cents to $81.66 per barrel. It settled at $80.79 per barrel in London.

The dollar eased to 112.52 yen from 112.73 yen. The euro rose to $1.1752 from $1.1739.

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