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Stock carnage deepens, with Asia equities set for 20-month low

Thursday, December 20, 2018, 6:46 PM

Asia's equity traders are once again hitting the sell button with conviction. The regional equity gauge opened lower after Federal Reserve Chairman Jerome Powell delivered another interest-rate increase and signalled the central bank sees little threat to the economy from the recent market turmoil. Losses only worsened as the Topix index entered a bear market after the Bank of Japan kept policy unchanged.