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The Independent UK

National

Joe McDonald

Stock market today: Asian markets higher after US rate hike

US Federal Reserve Asia United States the Federal Reserve Jerome Powell Inflation

Copyright 2023 The Associated Press. All rights reserved.

Asian stock markets were mostly higher Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next.

Shanghai and Hong Kong advanced while Seoul and Sydney declined. Japanese markets were closed for a holiday.

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