The Hong Kong Monetary Authority (HKMA) on Friday cut its base rate charged via the overnight discount window by 25 basis points to 5.0%, tracking a move by the U.S. Federal Reserve.

Asian shares opened higher but ended Friday mixed after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy. Oil prices fell while U.S. futures edged higher. Markets in Hong Kong and Shanghai fell as investors awaited much-anticipated steps by Beijing to rev up the slowing Chinese economy following a

The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut.