Asian shares are mixed after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy. Markets in Hong Kong and Shanghai fell as investors awaited much-anticipated steps by Beijing to rev up the slowing Chinese economy following a meeting of the legislature's Standing Committee. Oil prices fell while U.S. futures edged higher. On Thursday, the S&P 500 climbed 0.7% and the Dow Jones Industrial Average was virtually unchanged. The Nasdaq composite gained 1.5%. The Fed's rate cut was widely expected, but the outlook for future monetary policy is less certain given Donald Trump's presidential victory. Treasury yields remained lower following the Fed's announcement.
