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Market Update

Asian Markets Rise

Asian markets were higher Wednesday tracking a positive close on Wall Street overnight after reassuring comments from new Fed Chairwoman Janet Yellen that U.S. monetary authorities will keep policy accommodative.

The Nikkei was up 0.6%. The Shanghai Composite added 0.3% while the Hang Seng was up 1.5%. The Sensex was flat while the All Ordinaries added 1%.