Asian markets mixed as traders take stock after Fed-fuelled rally | Business

HONG KONG, Sept 22, 2025 (BSS/AFP) - Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut. Tokyo led the winners after Japan's central bank said it would sell off its huge stock of exchange-traded funds (ETFs) gradually, having sparked a sell-off Friday by announcing plans to offload the holdings as part of a shift away from its loose monetary policy. Investors also took some heart from talks between Donald Trump and Chinese leader Xi Jinping on Friday that the US president said "made progress on many very important issues" including a deal to sell blockbuster social media app TikTok. He added that the...