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Wednesday, 29 October 2014

Asia stocks dip, dollar well bid on Fed's optimistic tone

Tokyo Stock Exchange staff members work at the bourse at TSE in Tokyo By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks dipped and the dollar hovered at three-week highs versus the yen after the U.S. Federal Reserve ended its quantitative easing program as expected, but laced its economic assessment with a tinge of optimism. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent in early Asian trade on Thursday. Tokyo's Nikkei bucked the trend and rose 0.3 percent, taking heart from a significantly weaker yen. In a statement after a two-day meeting on Wednesday, the Fed ended its quantitative easing program of bond purchases. ...








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