TOKYO Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China.
The dollar was on the defensive, having fallen more than 1 percent after the Fed's decision, while U.S. bond yields plunged, erasing their sharp rises in the past couple of days.
01:03 Sterling slides to three-month lows on 'hard Brexit' fears15
16:22 Trump's first 100 days: Here's what to expect from the market20
15:02 U.S housing starts surge in December; jobless claims near 43-year low13
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech19