Asian stocks, US futures regain footing after Fed rate shock

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Asian stocks recovered some of their steep losses from the previous session on Friday after U.S. markets limited further declines from hawkish U.S. Fed comments, supported by a firm economy and strong earnings at Apple Inc.U.S. stock futures rose in Asia with Nasdaq 100 e-minis up 1.2per cent and S&P 500

Asian stocks recovered some of their steep losses from the previous session on Friday after U.S. markets limited further declines from hawkish U.S. Fed comments, supported by a firm economy and strong earnings at Apple Inc.

On Wall Street, U.S. stocks retreated after a solid opening, as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve. But gains were pared as investors processed how strong economic growth might inform the Fed's thinking.

 

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