Asian bourses paused on Thursday and most emerging market currencies in the region fell after the US Federal Reserve issued its fourth straight 0.75% interest rate hike, with chairman Jerome Powell suggesting the policy will continue to control inflation.
Hong Kong's Hang Seng index sank 3.08% on Thursday, while several other Asian stock markets posted moderate dips after the Fed's anticipated move. The new policy rate of 3.75-4% is the highest level since January 2008. The Fed has hiked rates six times this year.
