BANGKOK (AP) — Uncertainty about the U.S. Federal Reserve’s next course of action and a sharp, sudden plunge on Wall Street sent Asian stock markets lower Monday.
Japan’s Nikkei 225 index lost 3 percent to 13,359.16, echoing U.S. stock market losses Friday. The Dow dropped more than 200 points, its worst drop in six weeks. The Nikkei also weakened as the Japanese currency posted gains against the dollar, a currency movement seen as negative for Japan’s exporters since their products become more expensive when sold overseas.
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