Asian markets diverge post Fed cut, with analysts expecting short-term relief rally
Asia markets end mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat
Markets will likely rally in the short term, after the US Federal Reserve met expectations and cut benchmark interest rates by 25 basis points in its last meeting of the year, said analysts.
Going forward, however, they expect company fundamentals to matter more, given that the Fed is set to pause further cuts, as they rely more on data to make future decisions.
In Asia, markets ended mixed on Thursday (Dec 11). Singapore’s Straits Times Index rose 0.2 per cent and the FTSE Bursa Malaysia KLCI was up 0.9 per cent.
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