Asian stocks trade mixed, Japan’s Nikkei leads gains ahead of Fed rate decision

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• Most Asian equities trade on a flat note ahead of the Federal Open Market Committee (FOMC) meeting.
• The downbeat China’s Caixin Manufacturing PMI added worries about sluggish economic conditions in China.
• Japan’s Nikkei leads gains after the Japanese top currency diplomat came out with verbal intervention.
• The FOMC rate decision will be closely watched event by market players.

Asian stock markets trade in a flat-to-low range on Wednesday as investors turn to a cautious mood ahead of the Federal Open Market Committee (FOMC) policy meeting on Wednesday. Japan’s Nikkei leads gains after Japanese authorities came out with verbal intervention on one-sided and sharp FX moves.