Asia stocks set to fall as Fed signals no rate hikes through 2022; Netease's Hong Kong debut ahead
Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 22,750 while its counterpart in Osaka was at 22,830.
That compared against theShares in Australia were also set to decline, with the SPI futures contract at 6,063, as compared to theInvestor reaction to the Fed's recent economic forecast will be watched on Thursday. The U.S. central bank kept interest rates unchanged on Wednesday and indicated it does not expect to raise them through 2022. The Fed also expects the U.S. economy to contract by 6.5% in 2020 before expanding by 5% in 2021.
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