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Market Update

Asian Markets End Higher

Asian markets all ended higher Thursday tracking overnight gains on Wall Street after U.S. GDP growth was revised downward, prompting hopes the Federal Reserve would stick to its monetary easing program for longer.

The Nikkei rallied 3%. The Shanghai Composite snapped over a week-long losing streak as it ended flat. The Hang Seng was up 0.5% while the Sensex rose 1.7%. The S&P/ASX All Ordinaries gained 1.6%.