Stock Market LIVE Updates: Most Asian markets fall on recession fears

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Tokyo stocks opened sharply lower on Friday after a rout on Wall Street as more central banks hiked interest rates in efforts to tame runaway inflation, fuelling recession fears. The benchmark Nikkei 225 index was down 2.60 percent, or 687.44 points, at 25,743.76 in early trade, while the broader Topix index slipped 2.44 percent, or 45.50 points, to 1,822.31.