Asian shares and currencies struggled on Thursday. In Japan, the Nikkei 225 surged 0.91 percent, likely due to a weaker yen which is near an 11-month low against the dollar. Across the Korean strait, the Kospi opened down 0.31 percent.
The Indian market may remain cautious and continue to stay sideways as global markets react mixed to the US Federal Reserve’s interest rate decision. The US Federal Reserve raised interest rates for the first time this year and signalling a faster pace of increases in 2017. The central bank continues to describe the pace as "gradual," keeping policy still slightly loose and supporting some further improvement in the job market.
