Asian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
STI rises 0.3%, Hang Seng Index gains 0.1%, FTSE Bursa Malaysia KLCI up 0.3%, Nikkei 225 falls 1%, Kospi Composite Index loses 0.3%
[SINGAPORE] Asian markets were mixed on Thursday (Dec 11) after the US Federal Reserve met expectations and cut interest rates by 25 basis points overnight.
Analysts expect some rallying in the markets in the short term, although company fundamentals will likely matter more as the Fed is set to pause cuts ahead.
Singapore’s Straits Times Index rose 0.3 per cent, Hong Kong’s Hang Seng Index gained 0.1 per cent, the FTSE Bursa Malaysia KLCI was up 0.3 per cent.
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