Hundreds of schools were closed. Now on bbc news, all the latest Business News live from singapore. Asian stock markets retreat after nude fed chief shows a more hawkish sta nce nude fed chief shows a more hawkish stance on inflation rates new fed chief. These cards still contained the defective toccata airbags. Good morning, asia, and hello world, glad you could join us for this midweek edition of asian business report. Im rico hizon, we start off with Jerome Powell swearing in on the 5th of february, but but investors have not heard much from this newly minted fed chief until today. His testimony earlier from the House Services committee has increased pressure that the fed could add a. This has caused share markets to fall. The s p 500s suffering its biggest drop in three weeks, the nasdaq and dowjones falling by 1. 296. Nasdaq and dowjones falling by i. 2 . As fraser, the likes of asia into negative territory, together all ordinaries in the index. Earlier, our Business Reporter expl