Asian equity markets mostly rose on Thursday, tracking a tech-led rally on Wall Street overnight, as risk appetite returned to the markets after the US Federal Reserve kept interest rates unchanged for the second time and the 10-year US yield fell to a two-week low. Still, Fed Chair Jerome Powell left the door open to further monetary tightening amid persistently high inflation and strong economic momentum. Investors will also assess a slew of economic reports in the region including South Korean inflation data and Australia trade figures. Shares in Australia, Japan, South Korea and Hong Kong advanced, while mainland China were sluggish.
