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. Most markets in Asia were closed for holidays.

The S&P 500 climbed 0.9% to 6,067.70, clawing back more than half of its earlier drop. The Dow Jones Industrial Average added 0.3% to 44,850.35, and the Nasdaq composite rallied 2% to 19,733.59 after sliding 3.1 % the day before.

Global stocks mostly advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks, as investors focused 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

By Marc Jones and Lawrence Delevingne LONDON/BOSTON (Reuters) -World markets were calmer on Wednesday as the week’s rollercoaster ride for stock markets turned into wait and see ahead of the Federal Reserve’s first rate meeting of the year and results from Microsoft,

U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom.