Asian Stocks Rally for Sixth Day After Fed Holds Interest Rates

Updated on
  • U.S. central bank also scales back expectations for 2017 hikes
  • Philippine shares up most in Asia as borrowing costs held

Emerging Markets Rally as Fed Holds

Asian stocks outside Japan rose for a sixth day after the Federal Reserve refrained from raising U.S. interest rates and scaled back expectations for increases in 2017, buoying demand for riskier assets.

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