TOKYO -- Asian stocks rose Thursday after the U.S. Federal Reserve announced its biggest interest rate hike since 1994.
Yen rises against dollar as U.S. Treasury yield falls

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