Japan’s Nikkei edged lower in choppy trade on Tuesday but most investors stayed on the sidelines ahead of a U.S. central bank policy decision later in the week.
The Nikkei share average fell 0.3% to 21,067.95 points by the midday break. The broader Topix dropped 0.1% to 1,538.22.
Expectations that the Federal Reserve will start cutting interest rates has helped global markets recover from heavy selling sparked by intensifying global trade disputes.
While the Fed Reserve is unlikely to cut rates at its meeting on Wednesday, its statement will be analysed for clues on possible near-term easing moves, analysts said.
Source : Reuters