Federal Reserve move 'will not impact on Asia'

Overnight the US Federal Reserve introduced another huge dose of monetary stimulus.

The Central Bank will expand its operation twist by $267bn (£170bn).

The bank will sell that amount of short-term securities to buy longer term ones, to keep long term borrowing costs down.

The program will run through until the end of the year.

Arjuna Mahendran, the chief strategist at HSBC Private Bank, told the BBC's Rico Hizon that the move will not impact on Asia.