Asian shares rise after Fed's 75 basis point rate hike

Yen rises against dollar as U.S. Treasury yield falls

20220616 market reaction

U.S. Federal Reserve Board Chairman Jerome Powell said another 50 or 75 basis point rate increase is likely at the Fed's next meeting in July. (Source photos by Reuters and Yoshiyuki Tamai) 

KENTARO IWAMOTO, Nikkei staff writer

TOKYO -- Asian stocks rose Thursday after the U.S. Federal Reserve announced its biggest interest rate hike since 1994.

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