• 3 months ago
Asian stocks fell on Thursday, as U.S. tech stocks plummeted and China's central bank moved to aid it's slowing economy.
Transcript
00:00Major markets across Asia are down after U.S. tech stocks suffered big losses on Wall Street.
00:06Japan and South Korea's stock markets both closed at three-month lows on Thursday,
00:11while major indexes in Hong Kong, Singapore and China all fell.
00:16Taiwan's markets have been closed for two days because of typhoon Kemi.
00:20The tumble follows a 4% drop in the U.S. Nasdaq, its lowest single-day fall in two years.
00:26In China, the central bank lowered a key interest rate on Thursday, its second major move this week.
00:32Five state-owned banks also lowered their deposit rates
00:35for the first time this year in a bid to boost consumer spending.

Recommended