Asian stocks mixed ahead of Fed meet

Bangkok: Asian shares were mixed on Wednesday after Wall Street rose to its highest level since early 2022, slightly below its record high, following a report showing inflation in the United States is behaving pretty much as expected.

Benchmarks declined in Hong Kong, Shanghai and Seoul, but rose in Tokyo and Sydney. US futures edged higher, while oil prices slipped. The Bank of Japan’s quarterly tankan report measured business sentiment among major manufacturers at plus 12, up from plus 9 in October and plus 5 in June.