Hong Kong and mainland Chinese markets were largely flat Thursday as investors watched for signals from the first in-person meeting between U.S. President Donald Trump and Chinese President Xi Jinping since Trump began his second term.

Hong Kong's Hang Seng index gained 0.48%, while mainland China's CSI 300 was marginally above the flatline.

Other Asia-Pacific markets were mixed on Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a "foregone conclusion."

The Fed on Wednesday slashed the benchmark federal funds rate by 25 basis points, as expected, to bring it to 3.75%-4%.

South Korea's markets will also be in focus after Seoul's chief policy advisor Kim Yong-beom reportedly released details of the trade deal with Wash

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