Asian stocks rise, tech surges as Fed offers no surprises By Investing.com

Investing.com -- Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

Technology stocks were among the best performers for the day, boosted by a positive outlook from Samsung Electronics Co Ltd , which flagged an improvement in chip demand through the second half of the year.as expected, and signaled that it may yet raise rates again, depending on the path of economic data., helping improve risk appetite after several days of uncertainty over the Fed’s outlook for the economy.

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