Markets in Asia trimmed early losses to trade mixed Thursday, despite a lower finish on Wall Street after the Federal Reserve appeared to temper its expectations for U.S. economic growth.
Mainland Chinese markets extended their long rout. The main Shanghai composite shed 78.07 points, or 2.9 percent, to close at 2,657.48; the index is down 24.9 percent since the start of 2016. The Shenzhen composite finished 71.08 points, or 4.2 percent, lower at 1,629.06.
Hong Kong's Hang Seng index closed 0.75 percent higher.
Japan's Nikkei 225 retraced some losses to close down 122.47 points, or 0.7 percent, at 17,041.45; earlier the index fell as much as 1.0 percent. Across the Korean Strait, the Kospi eked out gains to close up 9.07 points, or 0.5 percent, at 1,906.94.
Down Under, the ASX 200 erased losses to close up 29.75 points, or 0.6 percent, at 4,976.20, with the financials sector gaining 0.5 percent and materials gaining 0.8 percent.
"While Asian markets got off to a poor start in the wake of the Fed decision, (they) seemed to have turned round and continued to push into positive territory soon after U.S. futures markets reopened," Angus Nicholson, a market analyst at spreadbetter IG, said in a note Thursday.
U.S. futures for the Dow Jones industrial average, the Nasdaq and the S&P 500 traded up between 0.3 and 0.8 percent.