Stock market today: Asia shares mixed after Fed holds rates steady and hints of hikes ahead

Asian trading is mixed after the Federal Reserve held interest rates steady. Benchmarks rose in Sydney, Hong Kong and Shanghai, but fell in Seoul and finished little changed in Tokyo. Data from China showed consumer and factory activity weakened in May and record-breaking unemployment among young people in cities. Consumers returned to shops and restaurants less quickly than expected. In Japan, machinery orders for April showed the first growth in three months. Trade figures for May showed a deficit for 22 months in a row, as import costs rose with rising energy and other prices. Wall Street finished mixed.