Asian shares trade higher after Wall Street climbs moderately as Fed holds rates steady
Asian shares rose moderately Thursday after a lackluster finish on Wall Street, with most shares ticking higher after the Federal Reserve left its main interest rate unchanged, as was widely expected. Investors continue to watch with trepidation President Donald Trump 's comments about the trade imbalance, as well as the reactions from various nations to appease the U.S. administration and the overall confusion over the long-term economic impact. Geo-political tensions also weighed on market sentiments, centered around the standoff between India and Pakistan. Pakistan has said it will avenge those killed by India’s missile strikes, which New Delhi called retaliation for last month’s massacre of Indian tourists in India-controlled Kashmir.