Asia Mostly Rises as U.S. Fed Stands Pat

Baystreet
2026.01.29 12:16
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Asia-Pacific markets mostly rose following the U.S. Federal Reserve's decision to keep its benchmark rate steady at 3.5% to 3.75%. Spot gold prices reached a record high, surpassing $5,500 per ounce. The Nikkei 225 in Japan rose slightly, while Samsung Electronics reported a significant profit increase but ended lower. The Hang Seng index in Hong Kong and the CSI 300 in Shanghai both gained, while the Kospi in Korea advanced. Singapore's Straits Times Index also saw a modest rise, contrasting with declines in Taiwan, Australia, and New Zealand.