Investing.com - The landscape of Asian equity futures displayed a positive bias following the Federal Reserve's decision to escalate interest rates, reaching an unprecedented peak in 22 years. The Fed also hinted at further tightening that will rely heavily on future data.
Japanese contracts and Australian futures lifted 0.3% apiece, while Hang Seng futures gained 0.9%.
United States 2-Year yields declined parallel to dollar value. Meanwhile, Thursday brought stability for the yen after it soared by half percent previously as traders keenly await Bank of Japan’s policy verdict this Friday and any hints towards changes in its yield-curve control policy. In America though, stocks demonstrated resilience bouncing back from their lowest point during session trade with Dow Jones Industrial Average marking its thirteenth consecutive advancement - a record not seen since '87.
In later hours of trading activity, Facebook's parent company Meta Platforms Inc (NASDAQ:META), posted increased revenues surpassed expectations leading to stock rise while eBay Inc's (NASDAQ:EBAY) disappointing profit forecast led to fall in shares price. For Asian investors, Samsung Electronics Co Ltd (KS:005930)s earnings report is something to look out for alongside China's industrial profits statistics.