Most Asian equities extended gains on Friday, while currencies also held onto to their recent gains following a bout of Federal Reserve-fuelled optimism, after the U.S. central bank flagged likely rate cuts next year.
Stocks in South Korea .KS11 climbed 0.9% to their highest level in nearly three months, and those in Thailand .SETI jumped 1.3%.
Currencies were steady as the dollar hovered near four-month lows after the Fed kept interest rates unchanged as expected on Wednesday and indicated the tightening of monetary policy is likely over, with a discussion of cuts coming “into view”.
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.
