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- Asian Stocks close: stocks closed lower following sell-off on Wall Street
Asian Stocks close: stocks closed lower following sell-off on Wall Street
Asian stock indices closed lower following sell-off on Wall Street. Worries about the global economic growth weighed on markets.
The People's Bank of China lowered a 14-day repo rate. That could be signs that China's central bank is willing to boost the economy. Bloomberg reported that the People's Bank of China sold 20 billion yuan of 14-day repurchase agreements at 3.4% (a 14-day repo rate was 3.5% last week).
Toyota Motor Corp. shares fell 3.9%.
Indexes on the close:
Nikkei 225 14,936.51 -364.04 -2.38%
Hang Seng 23,047.97 -95.41 -0.41%
Shanghai Composite 2,359.47 -6.53 -0.28%
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