Asia stocks advance, tech giants rally after Fed report

Asian stocks are rising after the Federal Reserve kept its accommodative monetary policies and signaled that the U.S. economic recovery was on track

SINGAPORE -- Asian stocks rose Thursday after the Federal Reserve kept its accommodative monetary policies and signaled that the U.S. economic recovery was on track. Chinese technology giants led the way as authorities moved to soothe jitters over stricter anti-monopoly and data security enforcement of the industry. Tokyo's Nikkei 225 gained 0.7% to 27,782.42, while the Kospi in South Korea advanced 0.2% to 3,242.65. The Hang Seng in Hong Kong jumped 2.9% to 26,222.72. The Shanghai Composite Index rebounded 1.5% to 3,411.72 after three days of declines. Sydney's S&P-ASX 200 added 0.5% to 7,417.40. Southeast Asian markets rose.