Asia markets trade higher, tracking US gains as Federal Reserve remained on hold

September 22, 2016 6:46 AM

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Asia markets trade higher, tracking US gains as Federal Reserve remained on hold

Singapore-based DBS Bank's analysts said in a note to clients on Thursday that stock markets reacted "well to the Fed hold and the BOJ tweak." They noted the perception gap between the Fed and the market has "narrowed somewhat."

"As the dissents on policy rose to three (highest this year), the market has notched up the probability of a December hike to 63 percent, up from 58 percent before the meeting," the DBS analysts said.

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