This is C온라인카지노사이트's live blog covering Asia-Pacific markets.

Hong Kong markets jumped over 2% to lead gains in Asia-Pacific after China's central bank and financial regulators announced sweeping plans to cut key interest rates in an effort to shore up growth in the face of trade worries.

Hong Kong's rose 2.07%.

Elsewhere, markets in the region were mostly higher after reports that U.S. Treasury Secretary Scott Bessent and trade representative Jamieson Greer are set to meet with their Chinese counterparts this week.

Japan's benchmark added 0.22% while the Topix rose 0.38%. South Korea's Kospi added 0.32% while the small-cap Kosdaq lost 0.7%.

Australia's benchmark climbed 0.17%.

Mainland China's CSI 300 climbed 1.01%.

Asian currencies strengthened against the dollar amid depressed confidence in the greenback.

"We are seeing a clear dislocation in terms of the USD's normal trading relationships, and this correlation breakdown suggests that investors are reducing their exposures to the USD and repatriating capital to their home markets," said Peter Kinsella, global head of forex strategy at Union Bancaire Privee.

Global non-U.S. investors are reducing allocations to the dollar and dollar-denominated assets, added the forex strategist. "The moves that we are seeing in several Asian currencies reflect this phenomenon, and I expect that it will continue."

Bessent and Greer are set to hold talks with Chinese officials in Switzerland this week to address trade and economic issues.

The discussions in de-escalating the trade tensions ignited by Trump, who last month raised tariffs on Chinese goods to 145% while easing levies on most other countries. In response, China .

as investors monitored the latest updates on U.S. trade negotiations and looked toward the  interest rate announcement expected Wednesday afternoon.  added 280 points, or 0.7%.  popped 0.8%, while  rallied 1%.

Overnight stateside, the three major averages closed lower. The  lost 389.83 points, or 0.95%, to close at 40,829.00. The  shed 0.77% and settled at 5,606.91, and the  dipped 0.87% to end at 17,689.66. All three of the major averages posted back-to-back declines.

— C온라인카지노사이트's Hakyung Kim and Pia Singh contributed to this report.

India says it carried out military strikes against Pakistan as tensions spiral after Kashmir killings

India early on Wednesday said its armed forces had conducted strikes against Pakistan and what it calls Pakistan-occupied Jammu and Kashmir, targeting "terrorist infrastructure."

"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted," the country's .

The operation, which targeted nine sites, follows a militant attack in Pahalgam, Jammu and Kashmir, in which 26 people were killed last month, the ministry said.

"We are living up to the commitment that those responsible for this attack will be held accountable," the statement said, while adding that India had shown "considerable restraint in selection of targets and method of execution."

India's rose 0.18% at the open.

Read the full story .

—Vinay Dwivedi, Lim Hui Jie

Asian currencies appreciate amid depressed confidence in the U.S. dollar

Asian currencies strengthened against the dollar amid depressed confidence in the greenback.

The Taiwanese dollar, which saw a strengthened 0.93% to 30.3225 per dollar, as of 10.15 a.m. local time.

The South Korean won strengthened 1.54% to 1,395.96 against the greenback after the local market resumed trading following a holiday.

"Looks like the Korean won is catching up with other Asian peers like the Taiwan dollar," said Jeff Ng, head of Asia macro strategy at Sumitomo Mitsui Banking Corporation. Ng added that other regional currencies are set to benefit from de-dollarization and diversification.

The Japanese yen appreciated 0.46% to 143.06 against the dollar. Similarly, the Australian dollar strengthened to around 0.6487 against the dollar.

—Lee Ying Shan

China, Hong Kong equities climb after PBOC reduces policy rate

Hong Kong and Chinese equities advanced after China's central bank unveiled plans to cut key interest rates.

Hong Kong's rose as much as over 2% at the open but pared some gains to trade 1.62% higher as of 9.42 a.m. local time.

Similarly, mainland China's CSI 300 climbed 0.76%.

The Chinese offshore yuan was last seen trading at 7.2164 against the dollar. China's 10-year government bond yield was at 1.628%.

—Lee Ying Shan

China to cut key rates by 10 points, bank reserve requirement by 50 points in bid to boost economy

China's central bank and financial regulators announced sweeping plans on Wednesday to cut key interest rates in an effort to shore up growth in the face of trade worries.

China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, the People's Bank of China Governor Pan Gongsheng said at a press briefing. That will bring down the loan prime rate, the main policy rate, by around 10 basis points, the governor said.

The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1000 billion yuan ($ 138.6 billion) to the market.

Read the full story .

—Anniek Bao

Trump officials Bessent and Greer to meet with Chinese counterparts on trade, economic issues

Treasury Secretary  and U.S. trade representative Jamieson Greer will meet with their  counterparts in Switzerland this week to discuss economic and trade matters, their offices .

The meetings appear to be a major first step for Washington and Beijing to potentially resolve an ongoing  ignited by President Donald Trump.

Trump last month  on Chinese imports to 145% while scaling back so-called reciprocal tariffs on almost all other U.S. trading partners. , which is one of the U.S.'s largest trading partners, retaliated with steep tariffs on U.S. goods.

Read the full story .

—Kevin Breuninger

Market could hit new lows even if Trump dials back China tariffs, Paul Tudor Jones says

Billionaire hedge fund manager Paul Tudor Jones said on C온라인카지노사이트's "" that the stock market could for the year, even if President Donald Trump backs down from the current levels of tariffs on China.

"For me, it's pretty clear. You have Trump who's locked in on tariffs. You have the Fed who's locked in on not cutting rates. That's not good for the stock market," he said.

"We'll probably go down to new lows, even when Trump dials back China to 50%," the hedge fund manager added.

The S&P 500's lowest close this year was 4,982.77 on April 8.

— Jesse Pound