Global Stocks Mixed After China Cuts Interest Rates

Stocks around the world were mixed after China cut interest rates in a bid to support its slowing economy.

U.S. markets were closed for a public holiday Monday and trading activity globally is expected to be light. The Shanghai Composite Index climbed 0.6% and Japan’s Nikkei 225 advanced 0.7%. Hong Kong’s Hang Seng Index fell 0.7% and Korea’s Kospi Index slid 1.1%. The pan-continental Stoxx Europe 600 rose 0.6%.