Asian markets end lower ahead of BoE meeting; European indices open lower

The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the US central banks 2% target.

Sep 17, 2020 01:09 IST India Infoline News Service

Broker stock market crash
Asian stock markets ended lower on Thursday as investors react to overnight developments from the US Federal Reserve. The Bank of England rate decision and US weekly jobless claims are due today.

Also, European indices have opened with losses with the Stoxx 600 is down 1.1% with all sectoral indices declining.

Elsewhere in Asia, Hong Kong’s Hang Seng index fell 1.60% by the afternoon, the Shanghai Composite down 0.41%, South Korea’s Kospi shed 1.2% and the S&P/ASX 200 traded 1.11% lower.

Meanwhile, the S&P 500 and Nasdaq Composite ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep US interest rates near zero for a prolonged period.

The Dow Jones Industrial Average eked out a small gain.

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