Federal Reserve raised its key interest rate

SEOUL, South Korea | Asian stocks slump after Fed signals faster rate hikes

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 1.6 percent on the first trading day after a meeting of U.S. and North Korean leaders. KEEPING SCORE: Japan’s Nikkei 225 … Continue reading SEOUL, South Korea | Asian stocks slump after Fed signals faster rate hikes