US equities and long-term Treasuries recovered after the Federal Reserve raised its federal funds target range by 0.25 percentage point, with technology and semiconductor shares leading gains as oil prices and Treasury yields retreated. The Dow Jones Industrial Average rose 0.61% to 51,778.04, the S&P 500 gained 1.14% to 7,637.76 and the Nasdaq Composite climbed 1.69% to 26,418.30. The 10-year Treasury yield fell 9 basis points to 4.93%, while West Texas Intermediate crude declined 0.51% to $101.91 a barrel. South Korea’s KOSPI opened 2.54% higher at 6,885.70 on Sept. 18 and stood 2.47% higher at 6,881.53 by 9:01 a.m.; the Kosdaq gained 1.28% at the open. Foreign investors and institutions were net buyers on the KOSPI, while markets continued to assess inflation, energy prices, labor-market strength, Middle East tensions and the possibility of further Federal Reserve tightening.