Stocks in Asia mostly advanced following the
Fed's decision not to raise interest rates. China's Shanghai Composite rose 0.4% amid upbeat home price data, Hong Kong's Hang Seng tacked on 0.3%, and South Korea's Kospi soared 1%. However, Japan's Nikkei tanked 2% on a stronger yen, ahead of a four-day holiday weekend.
European markets are taking it on the chin, as traders wax pessimistic about the global economy and Fed Chair Janet Yellen's
post-decision remarks -- which were more dovish than expected. In addition, London's FTSE 100 briefly dropped 2% intraday, amid talk of a "fat finger" error, but has pared its losses to 1.1% at midday. Meanwhile, the French CAC 40 has lost 2.3%, and the German DAX leads the laggards, dropping 2.8%.
