Chinese technology giants led the way as authorities moved to soothe jitters over stricter anti-monopoly and data security enforcement of the industry.
The Shanghai Composite Index rebounded 1.5% to 3,411.72 after three days of declines.
“The Fed maintained its accommodative monetary policies near-term. While discussions of tapering plans are underway, the markets may be relieved that no tapering timeline was set out,”
Games and social media giant
Chinese Internet shares had slid earlier this week on reports that
“But this does not put wider Chinese regulatory risks to bed. For one, claims of a targeted clampdown on the
Meanwhile, the Fed said Wednesday that "the economy has made progress” toward its goals of low unemployment and stable inflation.
The central bank however left its key interest rate unchanged at the end of a two-day policy meeting. It will also keep buying
On Wednesday, the benchmark S&P 500 was little changed at 4,400.64. The Dow Jones Industrial Average lost 0.4% to 34,930.93. The Nasdaq added 0.7% to 14,762.58.
Smaller-company stocks fared better. The Russell 2000 index gained 1.5% to 2,224.95 following the Fed's announcement.
Investors also digested fresh quarterly earnings reports.
In energy markets, benchmark
The dollar slid to