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
in Hong Kong fell 2%, hurt by declines for Chinese tech stocks. They have been…

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