Asian shares tumble as sell-off spreads Stock markets across Asia tumbled in the biggest sell-off in equities and bonds since February – a delayed reaction to last week’s increase in benchmark interest rates by the U.S. Federal Reserve Australia S&P/ASX 200 -2.5% U.S. S&P 500 -3.3% Japan Topix -3.5% MSCI Asia Pacific -3.5% South Korea Kospi -3.8% Hong Kong Hang Seng -3.8% U.S. Nasdaq -4.1% Shanghai Composite -4.3% Taiwan Taiex -6.0% Sources: Bloomberg, Fortune © GRAPHIC NEWS