Asian stocks set to rise on Fed policy, US$ hits 2-year low


MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.28%, while its global stock index, rose 0.81%. Australian S&P/ASX 200 futures were up 0.9% while Japan's Nikkei 225 futures were down 0.04%. The Nikkei 225 index closed down 1.15% at 22,397.11​​​​ on Wednesday. The futures contract is up 0.64% from that close.​ Hong Kong's Hang Seng index futures rose 0.14%

NEW YORK: Asian stocks were set to track an upbeat Wall Street session on Thursday after the Federal Reserve kept interest rates at ultra-low levels, while the U.S. dollar fell to a two-year low.

The Fed, on Wednesday, repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."

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