Monday, February 26, 2024
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Asia stocks mixed on caution over China, Fed; Japan Display slumps

Asian shares were mixed on Wednesday due to caution over the Federal Reserve's policy meeting and the health of China's property market.

The Federal Open Market Committee concludes its two-day policy-setting session later in the day, and is widely expected to continue its current path of tapering while holding its benchmark interest rate near zero.

(Read more: Former Fed Governor: Rates will rise by end of this year)

Traders ignored gains in global markets overnight, where Wall Street and European stocks rose for a second straight session after Putin signed a treaty on Tuesday formally making Crimea part of the Russian Federation, but said he was not looking to take control of any other regions of Ukraine.

Shanghai eases 0.2%

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