LIVE | mixed picture Asia ahead of Fed rate decision
Asian stocks were mixed on Tuesday, with some markets rising and others falling, as investors awaited the outcome of the Federal Reserve's policy meeting later in the day.
In Japan, the Nikkei 225 index rose 0.3% to 27,454.86 points, while the broader Topix index gained 0.2% to 1,982.93 points.
In South Korea, the Kospi index fell 0.3% to 2,444.49 points, while the Kosdaq index of tech stocks lost 0.6% to 765.28 points.
In China, the Shanghai Composite Index gained 0.2% to 3,274.40 points, while the Shenzhen Component Index rose 0.3% to 11,867.44 points.
In Hong Kong, the Hang Seng Index fell 0.1% to 20,410.58 points.
Investors are awaiting the outcome of the Federal Reserve's policy meeting later in the day, when the central bank is expected to raise interest rates by 25 basis points.
The Fed's decision will be closely watched by investors around the world, as it could have a significant impact on the global economy.
Analysts say that a rate hike by the Fed could lead to a strengthening of the US dollar and a weakening of other currencies, which could hurt exports from Asian countries.
They also say that a rate hike could lead to a slowdown in economic growth in Asia, as higher interest rates make it more expensive for businesses to borrow money and invest.
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