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Asian shares rise as US Federal Reserve strikes less hawkish tone

US Federal Reserve Asia Jerome Powell United States Jeffrey Halley Oil Al Jazeera

Asian shares gained on Thursday after the US Federal Reserve struck less hawkish tone than some investors had feared [File: Lam Yik/Bloomberg]

Asian shares rose on Thursday after the US Federal Reserve raised its key interest rate by half a percentage point but struck a less hawkish tone than some investors had feared.

MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.93 percent, although trading was restricted as Japanese and South Korean markets closed for public holidays.

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