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Stocks Fell in Asia-Pacific Region after Fed Signals More Hikes


Original Content- Business Upside

On Thursday, stocks in the Asia-Pacific region fell as Jerome Powell, the Chairman of the US Federal Reserve, indicated that additional rate increases would follow the anticipated 75 basis point increase and referred to comments about stopping the tightening cycle as premature.

In the last hour of business, the Hang Seng index in Hong Kong lost 3.11%, leading down across the entire Asia-Pacific trading day. Hang Seng Tech decreased by 3.49%. Mainland, The Shenzhen Component, is down 0.344% to 10,840.06, and the Shanghai Composite fell 0.19% to 2,997.81 in China.

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