Nikkei 225 ended lower today after Fed delivered the 25 basis points interest rate cut that markets widely expected. The Hang Seng index trades 0.57% higher at 27,060; the Shanghai Composite is 0.99% higher at 2,958. Aussie stocks finished higher; the ASX 200 ended 0.09% higher at 6,669.
Nikkei 225 finished 0.33% lower at 22,850 after the Jibun Bank Manufacturing PMI came in at 48.4 below forecasts of 48.5 in October. Japan Unemployment Rate came in at 2.4% above forecasts of 2.3% in September. The factory activity in China expanded at its fastest pace the last two years as Caixin Manufacturing PMI came in at 51.7, topping expectations of 51 in October.
Bank of Japan kept its monetary policy as expected and changed its forward guidance to more clearly signal the future chance of a rate cut. Nikkei dragged by Fujikura Ltd. -6.71%, NTN Corp. +4.08%, Sumitomo Corp. -5.64%, and Toyota Tsusho Corp. -4.24%.