Asian share markets mixed after US Fed’s bumper interest rate cut

Tokyo: Following a significant interest rate cut by the US Federal Reserve, there was a mixed response on Asian share markets on Thursday ( Sep 19 ).

The Fed’s standard policy rate window was lowered by 50 basis points, moving from 4.75 to 5.5 %.

In Singapore, the Straits Times Index was away 0.47 per share as of 10.39am.

Japan ‘s&nbsp, Nikkei&nbsp, share common rose more than 2 per cent, led by export-oriented equities, as the yen weakened against the US dollar despite the Fed interest rate cut.

The&nbsp, Nikkei was up 2.1 per share at 37, 133.34, as of 12.08am GMT, while the broader Topix was away 1.9 per cent to 2, 614, 09.

Uniqlo brand&nbsp, user Fast Retailing rose to give the biggest increase to the&nbsp, Nikkei. Technology start-up investment SoftBank Group rose 1.4 per share.

All of the Tokyo Stock Exchange’s 33 business sub-indexes were trading higher, led by the manufacturers ‘ score, rising 3.9 per share. &nbsp, Toyota Motor jumped 4.9 per share.

In early business, MSCI’s broadest index of Asia-Pacific stock outside Japan was down 0.4 percent, under pressure as South Asian markets returned from vacation with significant declines in the chipmaking business following a depressed Morgan Stanley word.

South Korea’s Kospi Index was over 0.92 per share as of 1.56am GMT. &nbsp,

However, SK Hynix stock tumbled 9.6 per share and Samsung fell 2.6 per share.