The US Federal Reserve cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year. SINGAPORE: Asian markets were mixed in early trading on Thursday (Sep 18) after the United States Federal Reserve (Fed) cut interest rates for the first time this year. Japan's Nikkei share average rose to an intraday record high, led higher by technology shares, but gains were limited after the recent strength in the yen that weighed on