Asian stock markets are mostly lower on Wednesday, despite the broadly positive cues from Wall Street overnight. Traders seem reluctant to make significant moves ahead of the US Fed's final monetary policy announcement this year later in the day.
China stocks led declines among Asia-Pacific markets Wednesday as investors digested Beijing’s plan to boost domestic demand, ahead of the interest rate decision from the U.S. Federal Reserve.
In Japan, the Nikkei 225 index gained 82.65 points, .
As the markets eagerly await FOMC rate decision and the release of new economic projections, Dollar is currently holding steady within a narrow range. The spotlight is particularly on the revised dot plot, as it is expected to provide crucial insights into the pace of monetary policy easing by Fed in the coming year. Investors are keenly looking for any signs of dovish policy shifts that could trigger risk-on sentiment, dragging down treasury yields and the greenback.
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