Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months

Asian shares are mixed after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent

BANGKOK -- Asian shares were mixed on Thursday after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent.

U.S. futures rose while oil prices declined.

Hong Kong’s Hang Seng advanced, but ceded much of its early gains. It was up 0.5% at 15,566.21, while the Shanghai Composite index lost 0.6% to 2,770.74.

Tokyo's Nikkei 225 sank 0.8% to 36,011.46 and the Kospi in Seoul climbed 1.8% to 2,542.46.

In Australia, the S&P/ASX 200 skidded 1.2% to 7,588.20.