Asian equities were mixed on Thursday, 30th Oct’14
as investors reacted to the end of
quantitative easing in the US and the region's latest earnings. The US central
bank ended its historic monthly bond purchase program on Wednesday, 29th
Oct’14 as widely expected. However, it maintained that interest rates will
remain near zero for a considerable period of time.
In its accompanying policy statement, the Fed upgraded its
outlook for the labor market, which some analysts take as a sign that the bank
is focusing on an interest rate rise. Wall Street shares posted modest losses,
rebounding from session lows, following the decision.
China's Shanghai Composite was up 0.12 percent or 2.89
points at 2,375.92.
Hong Kong's Hang Seng was down 0.17 percent or 40.73 points
at 23,779.14.
Japan's Nikkei gained 0.63 percent or 97.40 points at
15,651.31.
Singapore's Straits Times was up 0.16 percent or 5.19 points
at 3,229.22.
South Korea's Seoul Composite shed 0.61 percent or 12.02
points at 1,949.15.
Taiwan's Taiwan Weighted declined 0.59 percent or 52.52
points at 8,851.16.
