NEW: Tokyo, Hong Kong and Shanghai advance while Seoul edged lower. South Korea’s central bank raises its benchmark interest rate by 25 percentage points to 1.50%. The Dow Jones Industrial Average rose 1% to 34,564.59 and the Nasdaq picked up 2% to 13,643.59. The S&P 500 index rose 1.1% to 4,446.59, breaking a 3-day losing streak brought on by persistent worries about inflation and the tough medicine the Federal Reserve is planning to use against it. U.S. stock and bond markets face a shortened week and will be closed on Friday for the Good Friday holiday, which is due to take place on Good Friday in the United States. . . .
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