Asia stocks tumble after US Fed says more rate hikes likely

Asian stock markets have tumbled after the Federal Reserve said it wasn't finished raising interest rates to cool inflation [File: Lee Jin-man/AP]

Asian stock markets have tumbled after the United States Federal Reserve added to recession fears by saying it was not finished raising the country’s interest rates to cool inflation.

Hong Kong’s benchmark lost 3.1 percent on Thursday, while Shanghai, Seoul and Sydney also followed Wall Street lower after the Fed raised its key rate to the highest level in 15 years.