Asian shares edge up, dollar soft as Fed stands pat and eyes China

September 18, 2015 6:06 AM

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Asian shares edge up, dollar soft as Fed stands pat and eyes China

TOKYO Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China.

The dollar was on the defensive, having fallen more than 1 percent after the Fed's decision, while U.S. bond yields plunged, erasing their sharp rises in the past couple of days.

Also read: India cenbank says to withdraw temporary cash reserve ratio hike

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