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

Asia-Pacific markets rose on Thursday despite a sharp decline on Wall Street the previous day as investors reassessed the Fed's policy outlook after its widely expected decision to hold rates steady and acknowledged that inflation remains "somewhat elevated.

Asian markets are trading in the green on Thursday, following negative cues from Wall Street after the US Federal Reserveleft interest rates unchanged and noted that inflation remains “somewhat elevated.