Japan's Nikkei slumped 3 percent and other Asian markets drifted Wednesday as the first US interest-rate cut in nearly three years left the crisis-hit region underwhelmed. The Fed's move to reduce a key rate by 0.25 percentage points, made with the weakening international economy in mind, was widely expected, and the news was quickly pushed into the background by more worries over Japan's sick economy.
Asian Markets
Japan's Nikkei slumped 3 percent and other Asian markets drifted Wednesday as the first US interest-rate cut in nearly three years left the crisis-hit region underwhelmed. The Fed's move to reduce a key rate by 0.25 percentage points, made with the weakening international economy in mind, was widely expected, and the news was quickly pushed into the background by more worries over Japan's sick economy.
