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Stocks Decreased in Asian Stock Markets on October 22

Stocks decreased in Asian stock markets. Stocks were sales-weighted in transactions on Thursday due to the uncertainty of the ongoing negotiations on the stimulus package in the USA.

Yazar: Elif Dinçer

Yayınlanma: 22 Ekim 2020 12:52

Güncellenme: 17 Eylül 2024 15:47

Stocks Decreased in Asian Stock Markets on October 22 Stocks decreased in Asian stock markets on October 22. Stocks were sales-weighted in transactions on Thursday due to the uncertainty of the ongoing negotiations regarding the stimulus package in the USA. Stocks in Asian stock markets started the new day with a decline. Losses in Thursday's transactions were limited in Sydney. In the USA, where the indices are closely monitored, talks on the incentive package planned to be implemented in order to reduce the economic effects of the coronavirus epidemic will continue on Thursday. The IMF shared its Regional Economic Outlook Report for the Asia and Pacific region. The International Monetary Fund (IMF) predicted that the economy of the region will shrink by 2.2 percent this year, reducing its growth forecast for the Asian and Pacific region economy by 0.6 points. In the published report, it was noted that policy support should continue and in some cases should be increased, and it was stated that strong health and control measures are vital until the epidemic subsides.   Index Summaries - Japan's Topix Index fell 1.2 percent. - Hong Kong's Hang Seng Index fell 0.1 percent. - The Shanghai Composite Index fell 0.7 percent. - The South Korean Kospi Index fell 0.7 percent.
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