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Home / Business / Asian markets rise substantially after the Fed cut interest rates, Bank of Japan keeps policy unchanged: Asian market last

Asian markets rise substantially after the Fed cut interest rates, Bank of Japan keeps policy unchanged: Asian market last



Japan's Nikkei 225 ( N225 ) increased 0.6%. South Korea Kospi ( KOSPI ) received 0.3%. China's Shanghai Composite Index ( SHCOMP ] rose by less than 0.1%.
On Thursday morning, the Bank of Japan kept its monetary policy steady, maintaining short-term interest rates minus 0.1% and the target for 10-year government bond yields 0% . But the central bank expressed concern about the risk to the global economic outlook and said it would examine the economic and price trends at the next political meeting in October
Hong Kong's Hang Seng Index ( HSI ) hit the trend in Asia, falling 1
.2% after opening on positive territory.
Hong Kong's economy is expected to shrink further in the third quarter and may eventually slide into a recession as the US and China trade wars and massive protests in the city take a toll, Hong Kong Finance Secretary Paul Chan said in an interview with Chinese state-run newspaper Globa l Times on Thursday.
Investors in the region look forward to a potential cooling of US-China trade tensions as the two sides give up talks. Representatives from the two countries are scheduled to hold a meeting later today in Washington to prepare for further negotiations in the coming weeks.

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


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