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
lost 1% and the Nikkei 225
in Tokyo sank 0.7%. The Hang Seng
in Hong Kong retreated 1.8%.The Kospi
in Seoul shed 1.4% while Sydneys S&P/ASX 200
declined 1.1%. Stocks in N…

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