Asian markets drift after US Fed stays course

Published July 31, 2014 4:36am ET



MUMBAI, India (AP) — Asian stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.

KEEPING SCORE: The Hang Seng in Hong Kong slipped 0.1 percent to 24,695.71 while Tokyo’s Nikkei was up 0.4 percent to 15,711.94. South Korea’s Kospi shed 0.3 percent to 2,076.14 and China’s Shanghai Composite was nearly flat at 2,283.72. Australia’s S&P/ASX 200 edged up 0.2 percent to 5,632.20 and India’s Sensex was flat at 25,076.01.

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