
Asian markets, US futures tumble after Fed signals a March rate hike
CNN
Asian markets and US futures are tumbling Thursday as investors weigh the likelihood that the US Federal Reserve will raise interest rates later this spring.
Investors worry higher US rates could cause capital to leave Asia's emerging markets and spur the depreciation of currency in the region, causing financial turbulence.
Japan's Nikkei (N225) slid 3.3% by afternoon trading, deepening earlier losses.
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