TOKYO (AP) — Asian shares mostly rose Thursday 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 easier rates in September. Some Asia-Pacific markets remained closed for the Lunar New Year holiday.

Asian stocks have advanced 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

Asian share markets rose in thin trading on Thursday as much of the region was on holiday for the Lunar New Year, while the U.S. dollar held its ground after the Federal Reserve signaled a pause in policy easing.

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