Stock market today: Asian shares mixed after US Fed cuts interest rates

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.