Asian stocks rise after Fed holds rates steady, but China tech shares see profit-taking.

From Investing.com: 2025-03-19 23:01:27

Asian stocks climbed on Thursday following the Federal Reserve’s decision to keep interest rates unchanged. However, Chinese tech shares faced profit-taking, with the Hang Seng Tech Index falling 1.3%. The Nikkei 225 in Japan gained 0.2%, and the Shanghai Composite in China rose 0.1%.

Investors reacted positively to the Fed’s announcement, with the S&P 500 and Nasdaq hitting record highs. The Dow Jones Industrial Average also saw gains. The Fed emphasized that it would maintain its current monetary policy until inflation reaches 2% and employment levels improve.

In other news, Chinese ride-hailing giant Didi Chuxing is reportedly considering going private to placate Chinese regulators. This comes after Beijing cracked down on Didi following its controversial IPO on the New York Stock Exchange. Didi’s stock price has plummeted since the regulatory scrutiny began.



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