Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies.

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 shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. The Hang Seng dropped 0.6% to 20,659.41, while the Shanghai Composite lost 0.

The dollar surged in early Asian trading and stocks were primed for losses after US President Donald Trump carried out his threat to impose general levies of 25% on Canada and Mexico and 10% on Chinese goods from Tuesday,