Asia-Pacific markets rise after Fed hikes rates to 22-year high | Viral Trending Updates

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Asia-Pacific markets rise after Fed hikes rates to 22-year high | Viral Trending Updates


The ICC International Commerce Centre, and Hong Kong’s brand new museum of visual culture, Victoria harbor, Hong Kong, China.

Ucg | Universal Images Group | Getty Images

Overnight in the U.S., the main benchmarks closed mixed with the the Dow Jones Industrial Average notching its best winning streak since 1987, while the S&P 500 and the Nasdaq Composite ended the trading day with declines.

The Fed’s FOMC on Wednesday raised its funds rate by a quarter percentage point to a target range of 5.25% to 5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.

—CNBC’s Jeff Cox contributed to this report.



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