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Asian stocks retreat on lack of new Fed action

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. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street’s benchmark S&P 500 index closed down 0.5% after the Fed said it […]

The post Asian stocks retreat on lack of new Fed action appeared first on Inquirer Business.

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