World stocks mixed, oil prices climb after Fed rate hike

BEIJING: Asian stock prices surged for a second day Thursday after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries.

Hong Kong’s benchmark jumped 5.8% and Tokyo gained 3%. Shanghai, Seoul and Sydney advanced more than 1%. Oil prices gained more than $1 per barrel but stayed below $100.

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