Asian stock markets are mostly higher on Thursday, following the broadly positive cues overnight from the global markets, as traders digested the minutes from the Federal Reserve’s latest monetary policy meeting and the following comments. Markets were lifted by a rebound in technology stocks after the recent plunge. Asian Markets closed mostly higher on Wednesday.
The Fed minutes indicated that the central bank intends to move “expeditiously” to a more neutral monetary policy stance. The minutes showed most participants agreed additional 50 basis point increases would likely be appropriate at the “next couple of meetings.”
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