Markets am: Markets soar after Fed’s ‘taper’ surprise, Fed boost...

 
 
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Thursday September 19 2013
 
 
Markets
 
Markets soar after Fed's 'taper' surprise
 
Emerging markets lead the surge in Asian stocks after the US central bank unexpectedly keeps monthly asset purchases at $85bn
 
 
 
Fed boost for emerging market currencies
 
Emerging market currencies climb strongly against a fast receding dollar as an expected initial round of Federal Reserve tapering is put on hold
 
 
Surge in gold lifts London's miners
 
Precious metals groups take a firm hold on London's FTSE 100 as equity markets across Europe and Asia rally strongly in reaction to the Federal Reserve's surprise inaction
 
 
China's Huishan Dairy IPO raises $1.3bn
 
Chinese dairy group's Hong Kong share sale draws strong Asian and international demand, with the deal priced at the top of expected range
 
 
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Fed delay buys Asia time
 

The Federal Reserve decision to continue with Quantitative Easing for while longer is a relief for emerging markets in general and Asian markets in particular. Fred Neumann, HSBC's co-head of Asian Economic Research tells the FT's Josh Noble that when it ends the worst affected markets may be hit hard but that further support may be on offer from Japan's monetary stimulus and an economic rebound in China.

 
 
 
 
 
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