Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate.
Japan’s Nikkei 225 rose 1.3 per cent to 45,365.98, with tech-related stocks including Disco, Tokyo Electron and SoftBank among the gainers. The Bank of Japan started its two-day policy meeting, with rates expected to be left unchanged.
South Korea’s Kospi added nearly 1.3 per cent to 3,455.98, with chipmakers SK Hynix and Samsung Electronics among advancers.
The Chinese markets were mixed. Hong Kong’s Hang Seng slipped 0.2 per cent to 26,856.02, while the Shanghai Composite index added nearly 0.5 per cent to 3,893.95 on optimism over trade negotiations with the US and a potential TikTok agreement.
Australia’s S&P/ASX 200 dipped 0.5 per cent to 8,778.60 with data released Thursday showing the jobless rate was unchanged at 4.2 per cent in …
