China’sopened up 0.8 percent at 3,111.4 on Friday, tracking a turn in sentiment after the cited concerns about global economic growth in its decision to in nearly a decade.
“In the grand scheme of things, the decision by the Fed to leave rates unchanged is indicative that the global economy and the U.S. economy is performing worse than previously projected,” IG’s market analyst Angus Nicholson wrote in a note.
Wall Street indexes gave up a 1-percent rally to end mostly lower overnight. The blue-chipand the slipped 0.4 and 0.3 percent respectively, while the inched up 0.1 percent.
Nikkei loses 1.2%
Japan’sindex and the broader index accelerated declines at the start of trade.
Financials endured particularly heavy selling, withand tanking more than 2 percent.
Given thatis near 119.98 compared to the previous session’s 120.90 , exporters kicked off Friday on the back foot. Blue-chip names and eased 2 percent each, while slumped 2.4 percent.
Meanwhile, the(BOJ) is set to release minutes of its policy meeting held earlier this week. The BOJ kept monetary policy steady on Tuesday, in line with expectations.
ASX gains 0.4%
Australia’sindex turned positive by mid-morning trade.
, and shed 0.7 percent each. and lost 1 percent each after West Texas Intermediate (WTI) at $46.90 after the Fed’s decision.
Thehit a three-week high of $0.7277 against the dollar following the policy announcement, but has since retreated back to $0.7178. In a testimony before parliament on Friday, Governor Glenn Stevens said he is not especially concerned by the prospect of higher U.S. interest rates and expects a rate hike before the end of 2015.
Kospi adds 0.2%
South Korea’sindex clawed back early losses to inch up above the flatline.
The index’s top weighted stockerased a 1-percent decline to trade flat, while skidded 1 percent.
Banking shares tracked the region-wide sluggishness;and Woori Bank plunged 3.9 and 2.7 percent respectively.
Rest of Asia
Elsewhere in the region, Singapore’sindex opened flat
Meanwhile, Malaysian and Taiwanese shares edged down modestly in early trade.