Asian stocks climb after Wall Street closes its record-setting week mixed

HONG KONG — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain.Chinese stocks got a lift after the central bank lowered its 14-day reverse repurchase rate to 1.85% from 1.95% on Monday after opting to keep key lending rates unchanged last week. Markets had been anticipating a cut.

Elsewhere, Australia’s S&P/ASX 200 lost 0.5% to 8,170.50. The Reserve Bank of Australia begins a two-day policy meeting on Monday.On Friday, the S&P 500 slipped 0.2% from its record, closing at 5,702.55. The Nasdaq composite fell 0.4% 17,948.32. The Dow Jones Industrial Average, meanwhile, added 0.1% to close at another record high, at 42,063.36.

In other dealings early Monday, U.S. benchmark crude oil rose 59 cents to $71.59 per barrel. Brent crude, the international standard, added 52 cents to $75.01 per barrel.Sri Lankan Prime Minister Dinesh Gunawardena has resigned, he said on Monday, a day after Marxist-leaning Anura Kumara Dissanayake won a presidential election in the debt-ridden Indian Ocean nation.

STORY: :: Location: Wajima, Japan:: Date: September 21, 2024:: Record rains in Japan's quake-stricken Noto peninsula kill at least one person:: The flooding forced tens of thousands to fleeand caused blackouts in over 6,000 homesRecord rains in central Japan's Noto region, still recovering from a major New Year's Day earthquake, killed at least one person on Saturday, prompted evacuation orders for tens of thousands and caused blackouts for more than 6,000 households.

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