![Asia stocks follow Wall St losses on stimulus worries](https://photo-cdn.urdupoint.com/media/2016/07/_2/740x404/pic_1469180776.jpg)
Asia Stocks Follow Wall St Losses On Stimulus Worries
Mohammad Ali (@ChaudhryMAli88) Published July 22, 2016 | 02:46 PM
![Asia stocks follow Wall St losses on stimulus worries](https://photo-cdn.urdupoint.com/media/2016/07/_2/740x404/pic_1469180776.jpg)
HONG KONG,(APP - UrduPoint / Pakistan Point News - 22nd july,2016) - Asian markets fell Friday, tracking the Dow on Wall Street's first loss in six sessions, with traders disappointed by comments from central banks in Japan and Europe that caused them to roll back their stimulus hopes. Trading floors worldwide have been humming with excitement for the past few weeks, racking up trillions of Dollars in gains, as leaders promised measures to kickstart economies in the wake of Britain's shock EU exit vote. The upbeat outlook, strong US data and expectations Japan would unveil a huge stimulus -- reportedly worth 20 trillion Yen -- also sent the yen tumbling against the dollar. However, the Japanese unit soared Thursday after the BBC aired a month-old interview with Bank of Japan governor Haruhiko Kuroda in which he said therewas "no need and no possibility" for so-called helicopter money to be part of any package.
The strategy of helicopter money sees the bank funnel cash directly into the economy, such as putting cash straight into people's bank accounts, rathe than the more traditional bond-buying method. The Dollar plunged from levels above 107 yen to end Thursday at 105.76 yen.
On Friday it bought 105.85 yen. The "comments will disappoint investors who had been selling the yen in anticipation of the Bank of Japan announcing helicopter money at its meeting next week," Jasper Lawler, a London-based analyst at CMC Markets, said.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From World
-
Biden talks Gaza ceasefire efforts with king of Jordan
5 hours ago -
Sinaloa Cartel co-founder pleads not guilty after stunning US capture
5 hours ago -
Panama says Venezuela blocked ex-presidents going to observe polls
5 hours ago -
Ethiopia mourns victims of landslide tragedy
5 hours ago -
Khan Yunis fighting displaces 180,000 Gazans in four days: UN
5 hours ago -
Trump slams rivals as he meets Netanyahu in Florida
6 hours ago
-
Obama & his wife, Michelle, officially endorse US VP Kamala Harris for president
6 hours ago -
Rain, cooling slow huge blaze in Canada's Jasper park
6 hours ago -
Airbus and Boeing supremacy secure despite turbulence
6 hours ago -
S.African police detain 95 Libyans at suspected military camp
6 hours ago -
'Slapping therapist' guilty over UK diabetic woman's death
7 hours ago -
Panama says Venezuela blocked flight of ex-presidents going to observe polls
7 hours ago