Asia shares rise as Fed meeting wraps up

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/cQhMta3oTFvknKVMR.BvJA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/7c2c4c8982d89d51ca718525c1881e657ddde684.jpg (http://news.yahoo.com/asia-shares-rise-fed-meeting-wraps-033214026.html)Asian markets rose Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about interest rate plans for the world's largest economy. Hong Kong was up 1.23 percent and Shanghai rallied 1.26 percent in afternoon trade after Monday's sell-off, sparked by news of a delay in plans for a cross-trading platform between the two markets. The Fed ends a two-day policy meeting on Wednesday, with traders expecting the central bank to end the vast asset-purchase stimulus programme credited with propping up US growth after the 2008 financial crisis. Economists and traders widely anticipate that the Federal Open Market Committee will use a post-meeting statement, due at 1800 GMT, to announce the end of the six-year-old "quantitative easing" scheme.



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