October 21, 2020
Business News

Asian markets retreat as Fed envisions staying put for the next few years – MarketWatch

Asian stock markets declined 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.The Shanghai Composite Index
SHCOMP,
-0.35%
lost 1% and the Nikkei 225
NIK,
-0.66%
in Tokyo sank 0.7%. The Hang Seng
HSI,
-1.74%
in Hong Kong retreated 1.8%.The Kospi
180721,
-1.22%
in Seoul shed 1.4% while Sydneys S&P/ASX 200
XJO,
-1.22%
declined 1.1%. Stocks in N…

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