Asian Stocks Fall As Virus-spike Adds To Rate-hike Woes

Stock markets in Asia yielded to the panic of an imminent interest rate hike scenario and recorded major losses. The interest rate hike by the Bank of Korea and the hawkish comments by Fed officials caused investors to fret over the departure of an easy monetary policy stance. The worsening situation on the virus front exacerbated the pain, causing regional equities to give up recent gains.

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