Asian equity benchmarks are trading mixed on Tuesday, as investors remained on sidelines ahead to the key Federal Reserve policy meeting, which is widely expected to deliver another quarter-point cut to its benchmark interest rate when policy makers conclude a two-day meeting on Wednesday. Meanwhile, continued optimism for a trade deal between the U.S. and China, supported investors' sentiment. Japan's Nikkei is trading higher amid weaker safe heaven yen in line with the positive cues from Wall street. Among the other Asian markets, Hong Kong, Taiwan, Indonesia, and Shanghai are lower. Bucking the trend, Japan, Singapore, South Korea, and Malaysia are trading higher.
Hang Seng decreased 106.68 points or 0.40% to 26,784.58, Taiwan Weighted narrowed 3.83 points or 0.03% to 11,311.19, Jakarta Composite diminished by 2.46 points or 0.04% to 6,262.92, and Shanghai down 12.00 points 0.40% to 2,968.05.
On the flip side, Nikkei 225 up 93.35 points 0.41% to 22,960.62, Straits Times rose 16.85 points or 0.53% to 3,202.38, KOSPI Index added 0.49 points or 0.02% to 2,094.04, and FTSE Bursa Malaysia KLCI increases 2.73 points or 0.17% to 1,572.73.
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