Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
The US dollar declined against most other major currencies as investors digested a string of generally negative economic reports.
US stocks closed mixed as investors saw tech shares rebounded and economic data came out weaker than expected.
U.S. stocks were headed for a lower opening, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.
U.S. stocks were set to fall at the open, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.
Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month.
The US dollar rebounded against other major currencies as the US Federal Reserve decided to keep interest rates steady after its two-day policy meeting.
US stocks closed mixed as investors shifted their focus from midterm elections to the central bank's monetary policy.
The US Federal Reserve on Thursday left key interest rates unchanged, in line with market expectations, keeping the central bank on track to have one more rate hike in December.
U.S. stocks fell at the open following a rally in the previous session that was spurred by relief after the midterm elections, with investor focus shifting to the Federal Reserve’s interest rate decision.