Global Markets Today: Nikkei 225, Kanspi trading mixed after our Fed -reduced rates

Global Markets Today: Asian markets opened on a weaker note after the US Federal Reserve lowered its benchmarking percentage on Wednesday, as is widely expected. Fed chairman Jerome Powell described the move as a ‘risk management cutting’, and emphasized that it was not primarily aimed at addressing economic weakness. The central bank also indicated the possibility of two extra rate cuts this year, one in 2026, another in 2027, and no in 2028. At the Open, the Nikkei 225 of Japan contracted 0.31 percent, while the KOSPI of South Korea progressed 0.43 percent. In contrast, the S&P/ASX 200 of Australia dropped 0.47 percent. Meanwhile, Hong Kong’s Hang Seng index was ready for a weaker start, with futures at 26.829 compared to the previous closure of 26.908.39. (This is a developing story) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.