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European markets shed some early gains on Thursday ahead of Wall Street’s opening, but remained in positive territory, but Tokyo fell 0.5% to a five-year low Hong Kong: The performance of Asian markets on Thursday was mixed, as investors remained cautious about the global economy after a series of interest rate cuts by some of the world’s major central banks tried to revive confidence. South Korea and Taiwan reduced borrowing costs a day after central banks in the US, Canada and Europe announced cuts on Wednesday, followed soon after by China. Hong Kong cut borrowing costs earlier on Wednesday, a day after Australia lowered its policy rate. Indian markets were closed Thursday on account of a national holiday. Their behaviour on Friday will likely be a function of the performance of the US markets on Thursday and Asian markets... [read full story]
