Australia’s ASX/ Asian Markets Fall

Asian markets were mostly lower in the morning trading on Thursday. Although not a keynote speaker, the minutes of the July 30-31 meeting of the US Federal Reserve released overnight received some attention.

Minutes indicated that officials saw the central bank rate cut last month as measures taken amid a trade war with China and low inflation. Fed Chairman Jerome Powell will deliver a speech Friday.

“What I mean by that is maybe sending a message to the market that they’re open to, hey, this could be a more prolonged rate cut cycle.”

In Asia, the Hang Seng Index fell by 0.9%. Hong Kong stocks are now set to record their worst quarter since their worst quarter since 2015 as pro-democracy protests in the city intensified this month.

Japan’s Nikkei 225 fell to weak production activity in August.

South Korea’s KOSPI declined 0.4%. Samsung Electronics and SK Hynix heavyweight indexes fell 1.2% and 1.7%, respectively. The Bank of Korea warned that export brakes imposed by Japan could have a major impact on the country’s economy./investing

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