Asian markets settled lower on Wednesday, tracking Wall Street’s overnight fall with caution ahead of decision on interest rates by the US Federal Reserve due later in the day. The US Federal Reserve is widely expected to raise its benchmark lending rate by 25 basis points to tamp down inflation, while aiming to prevent fresh banking concerns from spreading. Meanwhile, markets in China and Japan were closed for a holiday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | 19,699.16 | -234.65 | -1.19 |
| Jakarta Composite | 6,812.72 | -50.58 | -0.74 |
| KLSE Composite | 1,425.99 | -0.12 | -0.01 |
| Nikkei 225 | -- | -- | -- |
| Straits Times | 3,262.01 | -19.98 | -0.61 |
| KOSPI Composite | 2,501.40 | -22.99 | -0.92 |
| Taiwan Weighted | 15,553.41 | -83.07 | -0.53 |
