Global stocks mostly advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks, as investors focused on the Federal Reserve’s rate decision due later in the day.

Futures tied to the Nasdaq gained on Wednesday as semiconductor-related stocks rose after chip equipment maker ASML's quarterly orders topped estimates, with focus also on a raft of company results and the Federal Reserve's rate verdict later in the day.

Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries

U.S equity future edged higher in early Wednesday trading, while the dollar extended gains and Treasury yields dipped, as investors looked for clarity on two key issues from today's Federal Reserve rate decision and fourth quarter earnings updates from three megacap tech giants.