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Asian Markets Await U.S. Federal Reserve's Interest Rate Decision

A person stands near an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Sept. 18, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

Asian shares were trading mixed on Wednesday as markets awaited the U.S. Federal Reserve's decision on interest rates, the first cut in over four years. The Bank of Japan and the Bank of England are also set to hold monetary policy meetings later this week, with expectations that they will maintain rates.

Japan's Nikkei 225 gained 0.2% in afternoon trading, while Australia's S&P/ASX 200 and South Korea's Kospi showed slight movements. Hong Kong markets were closed for a national holiday, and the Shanghai Composite index edged lower.

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