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Asian equities are generally higher after the Bank of Japan kept interest rates stable



The Japanese Nikkei rose by 0.7%. South Korea Kospi ( KOSPI ) increased by 0.6%. The Australian S & P / ASX 200 gained 0.3%. Taiwan's Taiex reversed early gains, falling 0.3%.
Hong Kong's Hang Seng Index HSI ) and the Shanghai Composite Index (19459006)] SHCOMP ) rose 0.5% and 0.7%, respectively.
  Stock Fight Before Fed Decision
The Bank of Japan held onto its short-target at -0.1%. The key interest rates have also been maintained unchanged and it is intended to leave interest rates at least next spring where they are still valid. The central bank added, however, that it will "not hesitate" to make adjustments if necessary.

The Federal Reserve's two-day monetary policy meeting will also begin on Tuesday. It is generally expected that the US Federal Reserve will lower interest rates for the first time since 2008.

Meanwhile, in Shanghai, trade talks between the US and China begin. This is the first time that top negotiators from both countries have met in person since their leaders announced a temporary ceasefire at the G20 last month. US Treasury Secretary Steven Mnuchin and sales representative Robert Lighthizer are expected to speak with Chinese Vice Premier Liu He and other senior officials.
Here are some of the other important steps in Asian markets at 11:30 am Hong Kong time.
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  • Tencent ( TCEHY ) rose in Hong Kong by 1%. The Chinese social media and gaming giant announced a partnership with Qualcomm ( QCOM ) on Monday. Companies expect to "optimize" Tencent games on devices with Qualcomm chips, among other things. Separately, Tencent announced that it would extend the partnership with the NBA for five years.
  • Chinese film and television production company Beijing Enlight Media grew 2%, building on Monday's gains. The stock got a boost after the animated film "Nezha" broke local records for the opening of an animated film. For the first three days, the company generated $ 102 million in ticket sales.
  • The Japanese yen gained against the US dollar and returned its weakness early in the morning Japan's political announcement.
  • Hong Kong is expected to announce its quarterly GDP figures for the second quarter later this week. Analysts assume that the local economy is hit by the city's massive protests. Hong Kong shares closed 1% lower on Monday.
  • Oil prices rose in early Asian trade. WTI crude and Brent crude both rose to $ 57.18 a barrel and $ 63.91 a barrel, respectively.
  • US equities ended mixed on Monday. The Dow Jones Industrial Average gained 0.1%. However, the S & P 500 Index lost 0.2% and the Nasdaq Composite Index fell 0.4%.

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