Asia-Pacific markets were mixed Friday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their post-election rally.
In Japan, the Nikkei 225 index regained 118.96 points, or 0.3%, to 39,500.37.
Japan’s household spending in September declined at a slower pace than expected, official data on Friday showed. Real household spending fell 1.1%, less than the 2.1% decline expected by economists polls by Reuters.
In Hong Kong, the Hang Seng Index withered 225.15 points, or 1.1%, to 20,728.19.
CHINA
In Shanghai, the CSI 300 lost 41.65 points, or 1%, to 4,104.05.
Investors will be watching the final day of China’s National People’s Congress, which is expected to announce fiscal stimulus to support the world’s second-largest economy.
In other markets
In Taiwan, the Taiex hiked 145.07 points, or 0.6%, to 23,553.89.
In Korea, the Kospi index dipped 3.48 points, or 0.1%, to 2,561.15.
In Singapore, the Straits Times Index added 50.88 points, or 1.4%, at 3,724.37.
In New Zealand, the NZX 50 moved forward 188.96 points, or 1.5%, to 12,770.34.
In Australia, the ASX 200 picked up 68.83 points, or 0.8%, to 8,295.13.
