Asian markets today: Japan's Nikkei surges to 70,000 mark for the first time after BoJ rate hike (opens original article in a new tab)

Japan's Nikkei index hit a record high after the Bank of Japan raised interest rates to 1%, its highest level since 1995, while the yen strengthened against the dollar.

• Japan's Nikkei index climbed above 70,000 for the first time
• Bank of Japan raised benchmark interest rate to 1%
• Japanese yen strengthened against US dollar