Asian markets sink as traders contemplate Fed tightening - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Asian markets sink as traders contemplate Fed tightening

Hong Kong, Seoul, Taipei and Jakarta all lost more than one percent, with Singapore, Wellington and Manila also in the red. Shanghai was flat. Still, observers said the losses were not a surprise, owing to the fact that many markets are at record or multi-year highs and investors were taking the opportunity to cash in profits.

from Stocks-Markets-Economic Times
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