Asian markets tumble as Fed warns of recession risk.

Asia-Pacific markets were mostly lower on Thursday after minutes from the March Federal Open Market Committee meeting showed that Fed officials see the U.S. economy entering a recession in the wake of the banking crisis. Stocks on Hong Kong's Hang Seng index fell 0.53%, while the Hang Seng Tech index slid 1.45%. In mainland China, the Shanghai Composite dropped 0.28% and the Shenzhen Component shed 1.21% as investors digested a surprise jump in trade data. Apple is reportedly holding talks with suppliers to produce MacBooks in Thailand, as the U.S. tech giant seeks to expand its manufacturing operations outside of China. Australia's unemployment rate for March came in at 3.5%, unchanged from February and lower than the 3.6% economists expected. Hong Kong listed shares of Chinese tech giant Alibaba slipped 3.9% in early trading Thursday, tracking losses in its U.S.-listed stock.