Asia stocks, bonds to struggle as Fed flags more hikes

By Wayne Cole SYDNEY (Reuters) - Asian markets were set for a rough ride on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Wall Street suffered its biggest percentage decline since before the Nov. 8 U.S. presidential election, though the loss was slight compared with gains of the last month or so. The Fed's rate rise of 25 basis points to 0.5-0.75 percent was well flagged but i