Recession in Asian Stock Markets

Asian stock markets declined in line with the sales recorded in global stock markets.

There was a recession in Asian stock markets. Asian stocks fell on the last trading day of the week, as FED Chairman Jerome Powell's messages brought harsh prices in the markets. Jerome Powell said that the volatility in the bond market has attracted caution, said, "The Fed does not want to surprise people by reducing asset purchases. The uneven conditions in the markets are a cause for concern. I will be worried about the constant tightening of financial conditions. The global low inflation environment will not change anytime soon." While stocks lost in Japan, South Korea and China, China's growth target for 2021 was set at more than 6 percent at the Chinese National People's Congress. In the morning, the CSI 300 Index in China recouped its early losses by 2 percent.   Index Summaries

• Japan's Topix Index fell 1.1 percent.
• The South Korean Kospi Index fell 1.6 percent.
• Australia's S&P/ASX 200 decreased 0.9 percent.
• Hong Kong's Hang Seng fell 1.8 percent.
• The Shanghai Composite Index fell 0.9 percent.