DAVID HAFFENREFFER, CNN ANCHOR: Well, most of the Asian markets did not follow their U.S. counterparts and posted gains for the day. But Taiwan continues to fall over its tensions with China. Lorraine Hahn wraps up the day in the Asian markets for us from our studios in Hong Kong. Good morning, Lorraine.</s>LORRAINE HAHN, CNN CORRESPONDENT: Good morning, David. Thank you very much. Asian equity markets charted their own course Wednesday, watching what the Fed will do later. The consensus here is that the Fed will not raise rates, at least for now, but that the U.S. still hasn't escaped the jaws of inflation. So more rate hikes expected this year. Tokyo has shifted to the "tankan" watch though. The Bank of Japan will release its latest quarterly "tankan" survey on corporate confidence next week. The market also shrugged off news, Radi Assesa Fich-Ibka (ph) may be poised to downgrades Japan's sovereign debt. And keep an eye Mazda Motor stock, the company saying it might close 40 percent of its North American dealerships. Overall, the Nikkei index ended half a percent higher. It has now recovered 8.5 percent from a one-year closing low. Trade in Hong Kong centered on China Telecom's stock. Volume, again, very low, as investors marked time ahead of the Fed meeting's end. The Hang Seng rose 1 3/4 percent. Finally, in Taiwan, Fed caution adding to its woes with the index falling for the fourth straight session, down almost three-quarters of one percent today. And that's a quick check from me. David, back to you.</s>HAFFENREFFER: All right, thank you, Lorraine.
Asian Markets Chart Own Course, Post Gains