Asia markets sink on Brexit fear, yen soars as BoJ holds

HONG KONG: Asian markets sank Thursday after Federal Reserve boss Janet Yellen sounded a warning over a possible British exit from the EU, while the yen soared to a 21-month dollar high as the Bank of Japan refused to pump up its stimulus.

The Fed on Wednesday lowered its growth forecasts for this year and the following two, and flagged interest rates rises to be lower and slower, highlighting increasing concern about the US and global economic outlook.