Asian markets higher as Fed chair says interest rates to stay low

A currency trader passes by screens showing Korea Composite Stock Price Index (KOSPI), left, and foreign exchange rate at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 28, 2020. Asian markets were mostly higher Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul to its strategy. - AP

SINGAPORE, Aug 28 (AP): Asian markets were mostly higheron Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul of its strategy.

Shares retreated in Japan, with the Nikkei 225 index losing 1.1%, to 22,955.69, after major media outlets said Prime Minister Shinzo Abe planned to announce he would step down due to a chronic health problem.