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Asia stocks hit four-month high as Fed turns more cautious

Updated : January 31, 2019 08:18 AM IST

The dollar struggled near a three-week trough against its major peers and US Treasury yields were significantly lower as investors reacted to the Fed's change in tone.
The central bank said it would be "patient" before making any further moves amid a suddenly cloudy outlook for the US economy due to global growth risks and impasses over trade and government budget negotiations.
The United States and China opened a pivotal round of high-level two-day talks on Wednesday aimed at bridging deep differences over China's intellectual property and technology transfer practices and easing a months-long tariff war.
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