U.S. futures were higher.
Japan’s Nikkei 225 index was 0.2% higher at 64,067.53. South Korea’s Kospi gained 0.9% to 6,778.49. The Hong Kong Hang Seng fell 0.7% to 24,533.46, while the Shanghai Composite index lost 0.4% to 3,877.46.
Australia’s S&P/ASX 200 climbed 0.3% to 8,718.20.
Taiwan’s Taiex jumped 1.3%, while India’s Sensex edged up 0.3%.
On Wednesday, Wall Street’s benchmark S&P 500 dropped 0.5%. The Dow Jones Industrial Average fell 1.2%, and the technology-heavy Nasdaq composite was mostly unchanged.
Market reactions were “pretty much expected since the rate rise was also in line with market expectation,” said Lorraine Tan, director of equity research for Asia at Morningstar on Thursday, but the ongoing Iran war is likely to keep pressure on inflation.
Following the Fed’s announcements, the two-year U.S. Treasury yield jumped to 4.72% compared to around 4.67% late Tuesday. The yield on the 10-year Treasury remained at around 5.00% at an elevated level.
The U.S. dollar fell early Thursday to 156.04 Japanese yen from 156.26 yen. The euro was trading at $1.1467, up from $1.1465.
Brent crude, the international standard, traded 0.1% higher at $105.89 early Thursday.
AP Business Writer Stan Choe contributed to this report.
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