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Asian markets up as US Fed indicates no rate hike

Japan's Nikkei surges 2% followed by rises in Hong Kong, South Korea, and Taiwan

The Nikkei Stock Average at one point jumped over 500 points, or 1.9%, to breach the 30,000 mark on March 18. (Photo by Kosuke Imamura)

TOKYO -- Asian stocks markets climbed higher on Thursday led by Japan's Nikkei index after the U.S. Federal Reserve said it would maintain its monetary easing policy.

Nikkei Stock Average at one point jumped over nearly 2%, to breach the 30,000 mark, before closing the day 1% higher at 30,216. E-commerce group Rakuten closed up more than 3%, while Toyota Motor climbed 4% and Fast Retailing, operator of casual clothing chain Uniqlo, gained 1%.

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