According to the results of the fed’s September meeting, the Committee members believe that the decision on the rate increase is necessary to maintain the level of inflation closer to 2%.
MOSCOW, 9 Oct. Stock markets in the Asia-Pacific region (APR) finished trading Friday on the strengthening of the background of the publication of the minutes of the meeting of the Federal reserve system (the fed), which supported the investors ‘ optimism regarding the postponement of a rate hike in the U.S., according to AFP.
At the end of trading, Hong Kong’s Hang Seng Index rose by 0.47% to 22458,8 item. The index of Shanghai stock exchange Shanghai Composite rallied by 1.27% to 3183,15 item. Index of Shenzhen stock exchange Shenzhen Composite index rose by 1.47% to 1811,63 item.
The Japanese Nikkei 225 index rose 1.64% to 18438,67 item. The Australian S&P/ASX 200 strengthened to the level of 5279,7 of the item, showing an increase of 1.33% in the course of trading. Korean KOSPI rose by 0.68% to 2019,53 item.
According to the minutes of the September FOMC meeting, the members of its open market Committee believe that for the first since 2006 the rate increase is necessary to maintain the level of inflation closer to 2%. Another reason for the failure to raise rates at the September meeting was the uncertainty about the state of the economy abroad.
“Recent events in the world and financial market can in some way to restrain economic activity due to a stronger dollar and the possible effects of an economic slowdown in China and some emerging markets and in countries commodity producers”, — stated in the minutes of the meeting of the American financial regulator.
The minutes of the fed meeting fuelled expectations of market participants about the fact that record low interest rate will remain in the United States in 2016. For 2015, the regulator had also scheduled two meetings in late October and mid-December.