Asian markets mixed: Japan skids; China helped by rate cut

Markets were mixed in Asia on Monday, with Japan’s benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts. South Korea’s Kospi was flat, at 2,242.50, while the Hang Seng in Hong Kong climbed 0.5% to 27,953.73. …read more

Source:: Yahoo Finance

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