Asian shares mostly higher as China cuts loan rate

BANGKOK --- Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48. The Kospi in South Korea climbed 0.4% to 2,089.00 and Australia's S&P ASX 200 picked up 0.6% to 6,760.50. Hong Kong's Hang Seng lost less than 0.1% to 26,465.78. Shares rose in Taiwan and Singapore but fell in Jakarta and Bangkok. As anticipated, China's central bank reduced its 1-year loan prime rate to 4.2% from 4.25%, slightly easing monetary conditions. U.S. and Chinese off...Keep on reading: Asian shares mostly higher as China cuts loan rate

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