Asia-Pacific markets traded higher Friday, tracking Wall Street gains after key benchmarks hit new records on the heels of the recent Federal Reserve decision.

The central bank on Wednesday lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range of 3.5%-3.75%.

Japan's benchmark Nikkei 225 rose 0.96%, while the Topix added 1.18%. South Korea's Kospi advanced 0.29%, while the small-cap Kosdaq traded around the flatline.

Australia's benchmark S&P/ASX 200 was 0.83% higher.

Futures for Hong Kong's Hang Seng index stood at 25,788, slightly higher than its last close of 25,530.51.

China's top leaders wrapped up an annual economic planning meeting Thursday by affirming broad economic support for the year ahead, including boos

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