Global Markets Today: Asian markets opened on a weaker note after the U.S. Federal Reserve cut its benchmark rate on Wednesday, as widely anticipated. Fed Chair Jerome Powell described the move as a “risk management cut,” emphasizing it was not primarily aimed at addressing economic weakness.
The central bank also signaled the possibility of two additional rate cuts this year, one in 2026, another in 2027, and none in 2028.
At the open, Japan’s Nikkei 225 gained 0.31 per cent, while South Korea’s Kospi advanced 0.43 per cent. In contrast, Australia’s S&P/ASX 200 slipped 0.47 per cent.
Meanwhile, Hong Kong’s Hang Seng Index was poised for a weaker start, with futures trading at 26,829 compared to the previous close of 26,908.39.
(This is a developing story)
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