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

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.

Hong Kong's Hang Seng index added 0.71%, while the mainland's CSI 300 declined 0.2%.

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

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