SEOUL, South Korea | Asian stocks sink after Fed’s hike signal, Trump-Kim summit
SEOUL, South Korea — Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea’s market benchmark tumbled nearly 2 percent on the first trading day after a meeting of U.S. and North Korean leaders.
Japan’s Nikkei 225 sank 1 percent to 22,738.61 while South Korea’s Kospi plunged 1.8 percent 2,423.48. Hong Kong’s Hang Seng index dropped 1.1 percent to 30,390.22.