· U.S. stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
The Dow Jones Industrial Average .DJI rose 115.54 points, or 0.43%, to 27,186.96, the S&P 500 .SPX gained 9.92 points, or 0.33%, to 3,046.81 and the Nasdaq Composite .IXIC added 27.12 points, or 0.33%, to 8,303.98.
· Stocks in Asia traded higher Thursday morning after the U.S. Federal Reserve cut interest rates for the third time this year and indicated the possibility of a pause in easing monetary policy.
South Korea’s Kospi gained 0.58%. Samsung Electronics reported earnings that were better than guidance given by the firm earlier in October. Operating profit for the three months ending in September plunged 56% as compared to the same period a year ago. Its shares jumped more than 1% after the earnings was out.
In Japan, the Nikkei 225 rose 0.49% in early trade, with shares of index heavyweight Fast Retailing jumping more than 2%. The Topix index also added 0.1%.
Reference: Reuters, CNBC