Asian stocks down after Fed says ready to act on inflation
Asian stocks down after Fed says ready to act on inflation
By JOE McDONALD
BEIJING (AP) — Asian stock markets fell Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation.
Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo advanced.
Wall Street’s benchmark S&P 500 index gained 0.2% before markets closed for a U.S. holiday. They reopen Friday for a…