Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.
Technology stocks were among the best performers for the day, boosted by a positive outlook from Samsung Electronics Co Ltd (KS:005930), which flagged an improvement in chip demand through the second half of the year.
The Fed raised interest rates by 25 basis points as expected, and signalled that it may yet raise rates again, depending on the path of economic data.
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.
