Asia tracks Wall St rally as Fed decision replaces bank worries

ASIA extended a global equities rally today as more pledges of government support soothed worries over the banking sector and provided some much-needed stability after more than a week of upheaval.

The dialling down of volatility allowed traders to turn their focus on the US Federal Reserve’s policy decision later in the day, with the recent turmoil fuelling hope it will hold off on an expected sharp hike in interest rates.