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Stocks

Nikkei Asia300 Index gains as Fed sticks to rate hike forecasts

Chinese, Hong Kong property developers rally

MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday after the U.S. Federal Reserve retained its forecast of three rate increases for next year.

The Nikkei Asia300 Index advanced 0.3% to 1,383.61, paced by a rally in Chinese and Hong Kong real-estate developers. Hong Kong's Sun Hung Kai Properties added 3.2%, while Henderson Land Development and New World Development rose by 1% or more. H-shares of China Vanke climbed 3.2% and China Overseas Land & Investment advanced 1.3%.

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