Asian Stocks Slip 1.5% on Oil, Fed

Asian equity indices fell 1‑1.5% as Brent crude surged above $120 per barrel amid Strait of Hormuz closure concerns.
Fed kept rates steady; Chair Jerome Powell warned inflation risks stay high due to energy prices in his likely final press conference.
Samsung Electronics posted record quarterly profit on AI‑linked memory chip demand, pushing KOSPI to a fresh 6,750.27 record before a slight dip.
Japan factory output fell unexpectedly in March while retail sales beat forecasts; China PMI stayed above 50, indicating continued expansion.