Australia shares down 2% after the Fed signals more hikes ahead

Financial

Pedestrians walk past the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 23, 2021.Paul Yeung | Bloomberg via Getty ImagesShares in the Asia-Pacific dropped on Thursday after the U.S. Federal Reserve Chairman Jerome Powell signaled further hikes ahead after raising rates by 75 basis points as…

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