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Asian Stocks Slump After Fed Says US Rates Will Rise ‘Soon’ | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) — Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. Market benchmarks in Tokyo and Hong Kong fell by more than 2%. Seoul and Sydney sank nearly 3%. Wall Street’s benchmark […]

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