July 27, 2021
Markets

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
NIK,
-0.65%

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
SHCOMP,
-0.59%

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

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