Emerging Asian equity markets traded mixed on Thursday, while currencies held steady as market participants digested less-hawkish-than-feared comments from U.S. Federal Reserve Chair Jerome Powell after a widely expected interest rate cut.
The broader MSCI index of emerging Asia equities was down 0.7% and an index tracking Asian equities outside Japan was 0.5% lower, hurt by South Korean and Taiwanese stocks, after cloud computing giant Oracle sounded a warning for AI profitability.
