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The market drops to bear territory following the Federal Reserve’s historic rate hike US stocks plummeted on Thursday, with the Dow Jones Industrial Average falling 700 points below 30,000 for the first time in more than a year.

The federal minister involved will reportedly try to avoid meeting senior officials so as not to irritate Beijing Germany’s education minister has announced plans to visit Taiwan in the coming days, the first trip to the island by a high-ranking federal official in 26 years. Though China is likely to condemn the visit, Berlin says it…