A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho\/Bloomberg via Getty Images<\/p>\n
Bloomberg | Bloomberg | Getty Images<\/p>\n
Hong Kong and mainland Chinese markets were largely flat Thursday as investors watched for signals from the first in-person meeting between U.S. President Donald Trump and Chinese President Xi Jinping since Trump began his second term.<\/p>\n
Hong Kong’s Hang Seng index<\/a> gained 0.48%, while mainland China’s CSI 300 was marginally above the flatline.<\/p>\n Other Asia-Pacific markets were mixed on Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone conclusion.”<\/p>\n The Fed on Wednesday slashed the benchmark federal funds rate by 25 basis points, as expected, to bring it to 3.75%-4%.<\/p>\n South Korea’s markets will also be in focus after Seoul’s chief policy advisor Kim Yong-beom reportedly released details of the trade deal with Washington.<\/p>\n South Korea will invest $200 billion in the U.S., with an annual cap of $20 billion a year, while the remaining $150 billion of its $350 billion total pledge announced earlier this year will be used for shipbuilding cooperation, according to local media reports.<\/p>\n The Kospi<\/a> gained 0.85% with gains seen in auto and shipbuilding stocks<\/a>, while the small-cap Kosdaq was down 0.78%.<\/p>\n Overnight in the U.S., the\u00a0Dow Jones Industrial Average<\/a>\u00a0closed lower Wednesday after Powell’s remarks, having hit a record high earlier in the session.<\/p>\n The Dow closed down 0.2% at 47,632.00, while the\u00a0S&P 500<\/a>\u00a0ended marginally lower at 6,890.59.<\/p>\n However, the\u00a0Nasdaq Composite<\/a> gained 0.55% to a fresh record close of 23,958.47, propped up by a rise in\u00a0Nvidia<\/a>.<\/p>\n \u2014CNBC’s Sean Conlon and Sarah Min contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho\/Bloomberg…\n","protected":false},"author":2,"featured_media":521001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[15193,21350,4959,51,3085,1700,21346,21347,2441,21349,3741,16,15,2726],"class_list":{"0":"post-536828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia-economy","9":"tag-breaking-news-asia","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-economy","14":"tag-hang-seng-index","15":"tag-kospi-index","16":"tag-markets","17":"tag-nikkei-225-index","18":"tag-sp-500-index","19":"tag-uk","20":"tag-united-kingdom","21":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115461213979126556","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/536828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=536828"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/536828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/521001"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=536828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=536828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=536828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}