Asia stocks sink as Fed hints at stimulus phaseout

August 22, 2013 • Business

Investors chat in front of the stock price monitor at a private securities company in Shanghai, China, Wednesday, Aug. 21, 2013. Asian stock markets were choppy Wednesday as traders waited for hints from the U.S central bank about when it will begin to reduce its massive stimulus effort. (AP Photo)

BANGKOK (AP) — Asian stock markets fell Thursday after the Federal Reserve made it known that its top officials were leaning toward a phaseout of its massive stimulus program.

The Fed released minutes of its July policy meeting Wednesday that showed most members want to slow down the pace of a massive bond-buying program. The U.S. central bank has been purchasing $85 billion of financial assets a month, which was intended to push down interest Login to read more

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