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Asian Markets Mostly Lower Ahead Of Fed Decision

(RTTNews) - Asian stock markets are mostly lower on Wednesday following the negative lead overnight from Wall Street amid caution ahead of the U.S. Federal Reserve's highly anticipated monetary policy decision later today. The Fed is widely expected to cut interest rates by another quarter point.

Meanwhile, a report from Reuters that suggested a phase one trade deal between the U.S. and China may not be signed by a summit in Chile next month dampened sentiment.

The Australian market is declining following the negative cues from Wall Street amid caution ahead of the Federal Reserve's monetary policy decision.

The benchmark S&P/ASX 200 Index is losing 37.90 points or 0.56 percent to 6,707.50, after rising to a low of 6,705.70 earlier. The broader All Ordinaries Index is down 36.40 points or 0.53 percent to 6,812.10. Australian stocks closed on a flat note Tuesday.

Among the major miners, BHP Billiton, Rio Tinto and Fortescue Metals are all declining more than 1 percent each.
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