MANILA, Philippines (AP) — Asian shares were mixed in afternoon trading Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate.

U.S. futures were up while oil prices were down.

Japan’s Nikkei 225 rose 1.3% to 45,362.70, with tech-related stocks including Disco, Tokyo Electron and SoftBank among the gainers. The Bank of Japan started its two-day policy meeting, with rates expected to be left unchanged.

South Korea’s Kospi added nearly 1.2% to 3,455.06, with chipmakers SK Hynix and Samsung Electronics among advancers.

The Chinese markets were down. Hong Kong’s Hang Seng slipped 0.2% to 26,856.02, while the Shanghai Composite index trimmed earlier gains, los

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