OVERNIGHT

The post-FOMC rally didn't last long as stocks as ended a three-day rally, oil continued its drubbing, dropping to it lowest level in seven years, and the carryover wasn't wasted overnight on Asian markets.

Reuters reported Taiwan's central bank cut rates for the second time this year while China's yuan has weakened against the dollar for 10 straight sessions through Thursday, the longest weakening streak on record, after the central bank guided the Chinese currency lower.


From the WSJ : Most Asian markets fell Friday after a strong week, as oil fell to a fresh low since the financial crisis and the rally following the Federal Reserve’s interest-rate rise dissipates. Japan’s Nikkei Stock Average fell 0.6%, Australia’s S&P/ASX 200 slipped 0.3% and South Korea’s Kospi fell 0.5%.

Hong Kong’s Hang Seng Index was down 0.5% while the Shanghai Composite Index rose 0.1%.