U.S. stock indices declined on Friday as the Federal Reserve's decision not to raise rates intensified concerns over global economic growth.

The Dow Jones Industrial Average fell 289.95 points, or 1.7%, to 16,384.79 (-0.3% over the week). The S&P 500 lost 32.16 points, or 1.6%, to 1,958.08 (-0.2% over the week). The Nasdaq Composite Index fell 66.72 points, or 1.4% to 4,827.23 (+0.1% over the week).

All 30 components of the Dow Jones index fell.

Trading volume was high due to expiration of several stock-index futures and options.

This morning in Asia Hong Kong Hang Seng fell 1.30%, or 285.70 points, to 21,635.13. China Shanghai Composite Index gained 0.67%, or 20.89 point, to 3,118.81. Japanese markets are on holiday due to Respect for the Aged Day.

Asian stock indices outside China fell amid renewed concerns over health of the global economy. Chinese stocks climbed after the China Beige Book survey showed no signs of a forthcoming growth crisis despite the recent slowdown.