Asian shares edge higher ahead of Fed rate decision
Asian stocks made modest gains on Wednesday as lower oil prices and a steadying bond market eased nerves. Investors awaited the Federal Reserve policy decision amid expectations of a rate hike.
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Asian equities edged higher during Wednesday morning trade, lifted by a temporary pause in global bond selloffs and declining oil prices ahead of a key Federal Reserve decision. The MSCI broadest index of Asia-Pacific shares outside Japan rose 0.5%, halting a four-day decline. Markets in Singapore and across the region tracked gains led by Korean and Taiwanese shares.
