Asia stocks buoyed by outlook for gradual Fed rate hikes

December 17, 2015 3:51 AM

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TOKYO — Asian stocks posted broad gains Thursday after the Federal Reserve ended protracted uncertainty in markets by raising interest rates for the first time in nearly a decade and signaling that further increases will be gradual.

KEEPING SCORE: Japan’s Nikkei 225 jumped 2.3 percent to 19,484.29 and Hong Kong’s Hang Seng rose 1 percent to 21,922.19. South Korea’s Kospi added 0.3 percent to 1,975.04. Australia’s S&P/ASX 200 advanced 1.7 percent to 5,115.20. China’s Shanghai Composite gained 0.9 percent to 3,548.98. Benchmarks ...

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