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Asian stocks recover after US rate hike
Asian stocks rose following the U.S. Federal Reserve's decision to raise interest rates by a quarter of a percentage point, despite the tightening of U.S. monetary policy. The Nikkei index increased by 0.2%, and the Topix by 0.6%, while the Korean Kospi jumped by 1%, and the Kosdaq by 0.57%. Conversely, the Hang Seng Index in Hong Kong declined by 0.49%, and China's CSI 300 by 0.16%. In the U.S. market, futures contracts were higher, while the main indices experienced actual declines, with the Dow Jones dropping more than 630 points (1.2%). The Federal Reserve indicated the possibility of further interest rate hikes, reflecting policies aimed at controlling high inflation. Trump criticized the rate hike, calling for a reduction to below 1%, but reaffirmed his confidence in the current Federal Reserve chair despite his criticisms. Meanwhile, discussions continue about how high costs are impacting the trade deficit.
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