Stock Market Live Updates: Asian stocks surge on Fed’s dovish stance, Japan falls

Sensex, Nifty, Share Prices LIVE: Asian markets responded divergently to the Federal Reserve’s decision to maintain interest rates, with Japan’s stocks slipping while others surged. The Fed’s unchanged rates, aligning with predictions, prompted Wall Street to hit a record high, causing Treasury yields and the dollar to drop. Japan’s Nikkei 225 fell by 0.53%, contrasting South Korea’s KOSPI and Australia’s S&P/ASX 200, which rose by 1.51% and 1.57%, respectively. Seventeen of nineteen Fed officials predicted lower rates by 2024, foreseeing a decrease of three-quarters of a percentage point. Fed Chair Jerome Powell hinted at the end of rate hikes but left room for future action if needed, setting a tone that impacted markets across Asia.