Asian Equities Mixed with Eyes on Fed

Asian equities were mixed on Tuesday due to pressure from oil prices, while investors tread water ahead of a Federal Reserve meeting later in the day.

U.S. crude fell back to $80 a barrel in Asian trade after tumbling to a 28-month low in the previous session at $79.44. The lower prices saw Wall Street shares end flat after staging their biggest weekly rally of the year on Friday.

Focus in Asia was the U.S. Federal Reserve ahead of its two-day policy review. The central bank is widely expected to declare the end of its quantitative easing program when it releases its statement Wednesday.


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