Asian Markets Mostly Lower
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Wednesday following mixed lead overnight from Wall Street as investors stayed cautious as they looked ahead to the Federal Reserve's monetary policy announcement. They are also looking for central bank's forecasts for the economy, inflation and interest rates. Asian markets closed mostly higher on Tuesday.
The Australian stock market is declining on Wednesday, with the benchmark S&P/ASX 200 below the 6,800 level, after three straight sessions of gains, following inconclusive cues overnight from Wall Street as investors stayed cautious while they look ahead to the Federal Reserve's policy announcement. Gains in the technology stocks were more than offset by weakness in materials and energy stocks amid weak commodity prices.