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Stock Market Live Updates: Asian markets decline as Federal Reserve signals prolonged higher interest rates
Sensex, Nifty, Share Prices LIVE : Asian stock markets faced declines while the U.S. dollar strengthened following the Federal Reserve’s announcement of an extended period of higher interest rates. Japan’s Nikkei 225 index dropped 0.79% to 32,761.51, and Topix fell 0.4% to 2,396.53. South Korea’s Kospi index declined by 1.19% to 2,529.68, and Australia’s S&P/ASX 200 recorded a 0.79% decrease, settling at 7,106.60. The Fed maintained its target range at 5.25% to 5.5% and projected another rate hike in 2023, signalling reduced monetary easing next year.