Japan is jubilant after the BOJ holds, while Asia equities are quiet as the China rise cools.

Asian equities stayed inside a narrow range on Wednesday, with Japanese shares holding onto their gains after the Bank of Japan held interest rates as was generally anticipated, and Chinese markets pulling back from a stimulus and technology-driven surge.

More expansive Following weak overnight signals from Wall Street, which fell on Tuesday after a two-day rally from correction territory fizzled out, Asian markets remained quiet. While Hong Kong markets were supported by consistent investments in well-known Chinese technology brands, expectations for additional stimulus measures in China helped minimize significant losses.

Prior to a Federal Reserve interest rate announcement later in the day, when it is generally anticipated that rates will remain steady, U.S. stock index futures gradually increased in Asian trading.

In early April, U.S. President Donald Trump continued to threaten reciprocal trade penalties, which left investors on edge for any additional tariff action. Negotiations for a peace agreement between Russia and Ukraine, mediated by the United States, were also a focus.