Skip to content
Grazia British
Asian markets diverge post Fed cut, with analysts expecting short-term relief rally

Asian markets diverge post Fed cut, with analysts expecting short-term relief rally

By Kim Browne

Culture

Asia markets end mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat

Markets will likely rally in the short term, after the US Federal Reserve met expectations and cut benchmark interest rates by 25 basis points in its last meeting of the year, said analysts.

Going forward, however, they expect company fundamentals to matter more, given that the Fed is set to pause further cuts, as they rely more on data to make future decisions.

In Asia, markets ended mixed on Thursday (Dec 11). Singapore’s Straits Times Index rose 0.2 per cent and the FTSE Bursa Malaysia KLCI was up 0.9 per cent.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

More Culture

Asian markets diverge post Fed cut, with analysts expecting short-term relief rally | Grazia British