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Economists warn of market turbulence after Japan stocks jump on Fed move

Widespread indirect implications and wider ramifications seen in Asia as US central bank announces first rate increase in nine years

Japanese stocks fell on Thursday, giving up most of the previous day's gains as weak oil prices fanned fears about a slowdown in the global economy.


JAPANESE stocks hit a more than one-week high on Thursday, after the Federal Reserve announced its first interest-rate increase in nine years, in step with a generally positive reaction to the widely expected move by the US central bank.

But the rallies could prove to be