Race on Asian stock markets after US announcement

In Tokyo, the Nikkei 225 index lost 1.8 percent in morning trade, while the broader Topix index fell 1 percent.

In Hong Kong, the fall was even sharper where the Hang Seng lost more than 2 percent before lunch.

The composite index in Shanghai and Shenzhen retreated 0.7 and 0.4 percent respectively in morning trade.

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