Asian markets fall after Fed discusses cut in economic stimulus
BEIJING — Asian stock markets fell Thursday after the Federal Reserve discussed a possible reduction in U.S. economic stimulus and Japanese officials prepared to declare a coronavirus state of emergency during the Olympics due to a surge in infections.
The Nikkei 225
in Tokyo lost 0.9% after experts recommended a state of emergency in Tokyo from Monday through Aug. 22. Possible measures include closing bars and restaurants that serve alcohol and a request to the public to stay home. City leaders also have the option of shutting department stores and other businesses.
The Shanghai Composite Index
lost 0.6% after the Chinese Cabinet announced it will free up more money for lending by reducing the amount of deposits banks are required to hold in reserve.
The Hang Seng