Asian stocks trade mixed after Fed holds rates; Kospi rallies 4%, Shenzhen slips 300 points

Asian equities showed signs of stabilizing on Thursday after a turbulent week. Taiwan and South Korea saw gains, while Japan’s Nikkei headed for a decline. Oil prices briefly soared due to Middle East tensions before slipping back below $90. The US Federal Reserve kept interest rates unchanged, leaving markets uncertain about future moves. Bond yields climbed to 19-year highs, reflecting this ongoing market apprehension.