Asia stocks and emerging markets rose after the fed rate hike


Moscow. December 17. Stock indices in the Asia-Pacific region and developing countries in General grow on Thursday, following a landmark decision of the Federal reserve system (the fed) first interest rate increase since 2006, reports Bloomberg.

The composite stock index Asia Pacific MSCI rose by 0.8% after rising 2.2% on Wednesday.

The Japanese Nikkei 225 rose 1.9%, the Australian S&P/ASX 200 – by 1.5%, the Hang Seng up 0.8%.

China’s Shanghai Composite added 1.7% and reached a maximum two weeks, the yuan continued to decline for a 10th consecutive session, which was not observed since 2007.

The composite index of developing countries MSCI Emerging Markets grew by 0.5%, the rally lead generation and financial companies.

Following the meeting of the Federal open market Committee (FOMC) on December 15-16, the target range of the basic interest rate was raised for the first time since June 2006, by 25 basis points to 0.25 to 0.5 percent, in line with market expectations. To this basic rate remained at an unprecedented low of 0-0. 25% in the past seven years, since December 2008. In 2008, the rate dropped 7 times.

“At least the first increase in over. What a relief!” commented market analyst at Sumitomo Mitsui Trust Bank Ltd. in Tokyo Ayako Sir.

Hong Kong Central Bank on Thursday also raised for the first time in 9 years – from 0.5% to 0.75%, following the lead of the fed. Because the course of the Hong Kong dollar is pegged to the US dollar, monetary policy of Hong Kong generally quickly reflect changes announced by the Federal Reserve.

The stock Chinese developer Poly Real Estate Group Co. rose on Thursday on the maximum permitted value (10%) awaiting data on housing prices in China, which will be released on Friday.

Paper China Construction Bank Corp. gained 1.7% in trading in Hong Kong.

Market value Stony Corp. jumped 4.1%, due to report in the Nikkei newspaper that the company will produce batteries that will extend the life of mobile phones without recharging at 40%.

The share price of Japanese retailers grow, Marui Group gained 7.1 per cent after the publication of data about the increase in the number of foreign tourists to Japan in November.