By Jonathan Davies

Asian stock markets followed US markets up after the US Federal Reserve changed its stance on interest rates on Wednesday.

The Federal Reserve said it would be "patient" over raising interest rates. That was seen as a stronger stance than the "considerable time" it had mentioned before.

US stocks closed at record highs on Thursday following the announcement by the Federal Reserve. The Dow Jones added 421.28 points, its biggest rise in three years, to close at 17,778.15.

The S&P 500 added 48.34 points to 2,061.23 while the Nasdaq climbed 104.08 points to 4,748.40.

Japan's Nikkei index was up 2.4% to close at 17,621.40. And the broader Topix also grew by 2.4%, closing at 1,409.61.

There was also a similar rise for the Australian S&P/ASX200, which was up 2.45%.

In Hong Kong, the Hang Seng Index rose 1.4% to 23,150.24. And the Shanghai Composite was up 1.3% to reach 3,098.41 points.

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