Asia Pacific stocks were mostly up on Thursday morning, with surging U.S. stocks and bonds providing a boost. Investors breathed a sigh of relief after the U.S. Federal Reserve’s latest policy decision was as expected and averted concerns of larger-than-expected hikes.
China’s Shanghai Composite was up 0.53% by 10 PM ET (2 AM GMT) while the Shenzhen Component fell 0.79%. Chinese markets re-opened after a holiday, and the Caixin services purchasing managers index was 36.2 in April 2022.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.