Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates.

TOKYO: There was mixed reaction across Asian share markets on Thursday (Sep 19) after a bumper interest rate cut by the US Federal Reserve. The Fed lowered its window for the b

The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.