Asian shares mostly up on hopes Fed will delay rate rise

Asian shares mostly up on hopes Fed will delay rate rise

Asian shares mostly up on hopes Fed will delay rate rise

Written by Staff Writer

16 Oct, 2015 | 10:38 am

Asian shares were largely higher on Friday(16) as investors continued to hope the US Federal Reserve would delay its decision to raise its rates.

Japan’s benchmark Nikkei index was up 1.05% in early trade at 18,289.16 points.

Australia’s S&P/ASX 200 was up 0.97% at 5,280.7 taking a positive lead from Wall Street.

Investors were also digesting the latest earnings from mining giant Rio Tinto.

Shares in China were rising again in early trade on Friday as investors continued to hope for new stimulus moves after disappointing economic data from China this week.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]