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PAJU, South Korea (AP) — North Korea on Thursday vowed to immediately deport all South Korean nationals and freeze all South Korean assets at a jointly run factory park in the North, a swift, aggressive response to the South Korean decision to suspend operations at the former symbol of inter-Korean cooperation.
Asian markets extended their rout and the dollar hit 15-month lows against the yen Thursday after Federal Reserve boss Janet Yellen raised concerns about the global economy, essentially quashing the chances of another US rate hike any time soon. Hong Kong led a broad sell-off across the region, while an ongoing supply glut and production splurge saw oil prices sink below $27 a barrel. Dealers continued their flight to safe investments that has played out across trading floors from Asia to the Americas this week as they fret about a possible global recession.