Asia stocks set to trade higher as Fed signals no rate hikes in 2020

Futures pointed to a higher open for Japanese stocks, while shares in Australia declined in early trade.

The U.S. Federal Reserve left interest rates unchanged on Wednesday, a decision that was largely anticipated — capping a year where the Fed cut its benchmark rate three times.Stocks in Asia are set to edge higher at the open on Thursday after the U.S.Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,445 while its counterpart in Osaka was at 23,440.

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