Asian stock markets powered higher Thursday, sweeping aside worries about a flagging global economy after the U.S. Federal Reserve said it would to remain “patient” in its approach to raising interest rates.KEEPING SCORE: Japan’s Nikkei 225 surged 2.5 percent to 17,242.33 and Hong Kong’s Hang Seng added 1.1 percent to 22,828.49. Australia’s S&P/ASX 200 rose 1.1 percent to 5,221.80. Markets in Taiwan and Southeast Asia also gained. China’s Shanghai Composite added 0.1 percent to 3,063.01. Seoul’s Kospi was down 0.1 percent at 1,897.91.FED SPEAK: The world’s most powerful central bank is edging closer to raising interest rates from record lows …read more
Source: The Jakarta Post
