World Stocks Mixed After China Rate Cuts, Japan Export Gain

World Stocks Mixed After China Rate Cuts, Japan Export Gain
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Jan. 20, 2022. Ahn Young-joon/AP Photo
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BEIJING—Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said “we’re not there yet” on lowering punitive tariffs on Chinese goods.

London and Tokyo gained while Shanghai and Frankfurt declined.