That was expected, and Fed Chair Jerome Powell said interest rates look to be “in a good place” for now. Gains for some technology companies reporting strong earnings failed to lift shares in Tokyo, where the Nikkei 225 lost 0.2% in morning trading to 53,274.71. Elsewhere in Asia, South Korea’s Kospi surged 0.9% to 5,218.81, hitting a fresh record as computer chip maker SK Hynix picked up 2% on a strong earnings report. Lower rates could also further undercut the U.S. dollar’s value, which would help U.S. exporters. Trump has been pushing aggressively for lower rates.