Asian markets stung by Fed pessimism

Asian stocks headed lower Thursday, stung by a pessimistic assessment of the U.S. economy by the Federal Reserve. Japan's Nikkei 225 slumped 1.6 percent to 8,598.32 while South Korea's Kospi index slid 2.6 percent to 1,806.62. Benchmarks in New Zealand, Singapore and Taiwan were also lower. Hong ...

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