On Wednesday, stocks ended higher on the Wall Street. It came into effect after investors tried to understand the Federal Reserve’s release. This release summarized the last month’s crucial meeting on the patient future rate hikes of the central bank.
The Dow Jones Industrial Average climbed 63.12 points to end the session with 25,954.44. The Nasdaq Composite ended a bit higher at 7,489.07 while maintaining its straight 8-day gaining streak. The S&P 500 rose 0.2 percent to 2,784.70. After the Fed’s release, equities rolled as Dow futures and S&P 500 touched their highs in the day.
Meanwhile, Asian stocks also climbed after recovering their previous losses. In mainland China, the Shanghai Composite rose 0.36 percent and the Shenzhen Composite advanced 0.802 percent. Also, the Shenzhen component added 0.775 percent. Hang Seng index of Hong Kong rose 0.53 percent. Lenovo shares also gained 11.41 percent after the release of quarterly results by the company, where results came out better than expected.
Over in Japan, the Nikkei 225 added 0.34 percent and the Topix surged 0.11 percent. However, shares of Softbank Group dropped 0.63 percent in the afternoon trade on Thursday. The Kospi of South Korea traded slightly higher along with rising of Samsung Electronics shares by 0.1 percent.
Australia’s ASX 200 climbed 0.72 percent as the financial subindex advanced 1.3 percent. Big Four banks of Australia also gained such as Commonwealth Bank of Australia edged up 1.74 percent, Australia and New Zealand Banking Group gained 1.39 percent, National Australia Bank added 0.69 percent, and Westpac advanced 1.17 percent.
The U.S. dollar index traded at 96.475, which marks the greenback against its major peers. The Japanese yen was at 110.76 against the U.S. dollar while the Australian dollar traded at $0.7161 after touching a high of $0.7207.