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Asian markets in red after Fed rate hike, gold marginally higher

All the major Asian indices were trading on a lower note on Thursday. Gold was trading around $1,265 mark while silver was trading around $17.00 mark. The Federal Reserve increased its key interest rate by 0.25% to a 1.00%-1.25% range on Wednesday.

Japan’s Nikkei was trading 0.41 pct lower at 19,807.55 points.

Hong Kong’s Hang seng was trading 1.09 percent lower at 25,593.12 points.

South Korea’s Kospi was trading 0.64 pct lower at 2,357.08 points.

India’s NSE Nifty was trading around 0.22 percent lower at 9,596.51 points and BSE Sensex was trading at 0.08 percent higher at 31,180.66 points.

Shanghai composite index to open down 0.2 pct at 3,125.59 points and China's CSI300 index to open down 0.1 pct at 3,530.75 points.

Taiwan stock was trading 0.07 pct lower at 10,067.15 points.

Australia’s S&P/ASX 200 was trading 1.12 pct higher at 5,768.10 points.

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