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Asian stocks gain, dollar sags on dovish-sounding Fed

Updated : November 29, 2018 09:18 AM IST

The Fed chair said on Wednesday that US policy rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Australian stocks gained 0.8 percent and Japan's Nikkei climbed 0.9 percent.
The US two-year Treasury yield extended a modest decline from the previous day following Powell's comments. The yield was down 1 basis point at 2.802 percent.

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