Asian markets plunged Tuesday following a highly volatile day on Wall Street fuelled by fears about the Federal Reserve’s plans to hike interest rates, with attention lasered on its upcoming two-day policy meeting.
A disappointing start to the corporate earnings season, as well as growing concern about Russia’s troop build-up on Ukraine’s border and warnings of a possible invasion were also dragging on sentiment.
After spending much of last year playing down the spike in prices, the US central bank has in recent months taken a sharp hawkish turn on monetary policy as officials look to bring inflation — which is at a four-decade high — under…
