city Tokyo city Seoul city Shanghai city Hong Kong economy Coronavirus city Tokyo city Seoul city Shanghai city Hong Kong

Asian stocks retreat on lack of new Fed action

Reading now: 880
www.clickorlando.com

Asian stock markets tumbled Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated.On Wednesday, Wall Street's benchmark S&P 500 index closed down 0.5% after the Fed said it won't raise interest rates until inflation reaches 2%, which the U.S.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA