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Home / World / Asian markets rise largely after Fed rate cuts, the Bank of Japan maintains its policy: Asian market last

Asian markets rise largely after Fed rate cuts, the Bank of Japan maintains its policy: Asian market last



Japan Nikkei 225 ( N225 ) increased by 0.6%. South Korea Kospi ( KOSPI ) increased by 0.3%. China's Shanghai Composite Index ( SHCOMP ) gained less than 0.1%.
On Thursday morning, the Bank of Japan kept its monetary policy. Short-term interest rates remained at minus 0.1% and the target for 10-year government bond yields was at 0% . However, the central bank expressed its concern about the risks to the global economic outlook and said it would re-examine economic and price developments at the next political meeting in October.
Hong Kong's Hang Seng Index ( HSI ) resisted the trend in Asia, yielding 1
.2% after positive opening.
Hong Kong's economy is expected to continue shrinking in the third quarter and eventually slide into recession as the US-Chinese trade war and massive protests in the city take their toll, Hong Kong Finance Minister Paul Chan said Chinese state newspaper Global Times on Thursday.
Investors in the region expect a potential slowdown in US-China trade tensions as both sides prepare for talks. Representatives of the two countries are scheduled to hold a meeting today in Washington to prepare for further negotiations in the coming weeks.

The two economic superpowers announced earlier this month that they have agreed to return to the US negotiating table.


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