Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. Federal Reserve’s interest-rate cut.

The BOJ’s move — or lack thereof — was expected, though the central bank hinted that could cut interest rates even deeper into negative territory at its October meeting.

On Wednesday, the Fed lowered its benchmark interest rate by a quarter-point, and suggested it was open to another cut before the year’s end.

Japan’s Nikkei

NIK, +1.01%

  rose 1% while Hong Kong’s Hang Seng Index

HSI, -1.11%

  fell 1%. The Shanghai Composite

SHCOMP, +0.00%

  inched up 0.1%, while the smaller-cap Shenzhen Composite

399106, +0.37%

  rose 0.5%. South Korea’s Kospi

180721, +0.32%

  advanced 0.4%. Stocks were about flat in Singapore

STI, -0.10%

 , and down in Taiwan

Y9999, -0.34%

 , Malaysia

FBMKLCI, -0.29%

  and Indonesia

JAKIDX, -0.37%

 . Australia’s S&P/ASX 200

XJO, +0.52%

  rose 0.7%.

Among individual stocks, Sony Financial

8729, +4.46%

  gained in Tokyo trading, along with semiconductor-equipment maker Advantest

6857, +3.77%

  and Tokyo Gas

9531, +2.86%

 . In Hong Kong, Apple suppliers AAC

2018, +5.86%

  and Sunny Optical

2382, +2.22%

 rose while AIA

1299, -2.60%

  and PetroChina

857, -2.59%

  fell. Samsung

005930, +2.20%

  and SK Hynix

000660, +2.37%

  advanced in South Korea while Apple component maker Largan Precision

3008, +1.43%

  gained in Taiwan. After a big gain Wednesday, clothing retailer Kathmandu

KMD, -1.41%

  retreated in Australia.

Source link

2019-09-18