Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are now optimistic about the inking of a peace deal between the US and Iran on Friday to end the Middle East war and the opening of the Strait of Hormuz. Meanwhile, traders also cautiously await the interest rate decision by the US Fed later in the day. Asian markets closed mixed on Tuesday.

The US Fed is set to announce its interest rate decision after its first monetary policy meeting under new Fed Chair Kevin Warsh. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement and Warsh’s post-meeting comments could impact the outlook for rates.