Asian Stocks Down, “Goldilocks” Central Bank Scenario Continues By Investing.com – Investing.com

Asian Stocks Down, “Goldilocks” Central Bank Scenario Continues By Investing.com – Investing.com

By Gina Lee

Investing.com – Asia Pacific stocks were mostly down Thursday morning. U.S. shares and Treasuries gained after the U.S. Federal Reserve said in its that more evidence of a robust economic recovery from COVID-19 would be needed to set an asset tapering timeline.

Japan’s fell 0.70% by 10:39 PM ET (2:39 AM GMT), ahead of a in the country due later in the day. Japanese economy minister Yasutoshi Nishimura told an advisory panel on Thursday that the move, covering Tokyo, would be in place from Jul. 12 to Aug. 22.