Reply #61: asia: US Fed plan Operation Twist sends Asia stocks diving, dollar gains [View All]

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http://economictimes.indiatimes.com/markets/global-markets/us-fed-plan-operation-twist-sends-asia-stocks-diving-dollar-gains/articleshow/10077754.cms

HONG KONG: Asian stock markets slumped on Thursday as the US Federal Reserve's latest multi-billion-dollar move to shore up the American economy was met with worldwide disappointment.

The dollar strengthened against regional currencies as investors sought its safe-haven status after the US central bank warned of serious downside risks for the global outlook.

The euro was also sent spinning to another 10-year low against the yen as risk aversion set in.

Tokyo fell 2.07 per cent, or 180.90 points, to 8,560.26, Seoul dived 2.90 per cent, or 53.73 points, to 1,800.55, and Sydney plunged 2.63 per cent, or 106.9 points, to 3,964.9, its lowest in more than two years.