Actionable news
All posts from Actionable news
Actionable news in HSBC: HSBC HOLDINGS PLC,

Asia Markets Slide as Investors Absorb Japan’s Stimulus Package

Asia markets largely fell on Wednesday as investors digested Japan's new stimulus package.

In Tokyo, the Nikkei lost 1.88% to close at 16,083.11 and the Topix was down 2.17% at 1,271.98.

The Japanese government approved a ¥28.1 trillion ($276 billion) stimulus package aimed at pulling Asia's second-largest economy out of a prolonged period of stagnation.

The package breaks down into ¥10.7 trillion in spending to reinforce infrastructure, ¥10.9 trillion to combat economic risks stemming from the U.K.'s Brexit vote as well as to support small and medium-sized companies, and ¥3.0...