Asian Shares Mixed As Investors Await Fed Rate Decision

Asian stocks ended mixed on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision under new Chair Kevin Warsh later in the day and Friday’s signing of the U.S.-Iran interim peace agreement.

The signing of the Memorandum of Understanding in Switzerland is likely to pave the way for a 60-day negotiating period to address key issues that have plagued U.S.-Iran diplomacy for decades.

The framework may rapidly unlock Iranian oil exports, channel funds into its economy and begin a phased rollback of sanctions in exchange for nuclear curbs.