Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe

Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded. Investors were focusing on the Federal Reserve’s rate decision due later in the day.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September