Asian markets experienced a day of mixed trading as investors remained on edge ahead of the Federal Reserve’s impending interest rate decision. The central bank’s announcement is widely expected to provide clues about the future trajectory of monetary policy, creating an atmosphere of anticipation and caution among market participants.

Japan’s Nikkei 225 index saw modest gains, buoyed by a weaker yen that boosted exporter stocks. However, gains were capped by concerns over global economic growth. In contrast, Hong Kong’s Hang Seng index struggled, weighed down by concerns about the Chinese property market and regulatory uncertainties.

Elsewhere in the region, South Korea’s Kospi index edged slightly higher, while Australia’s S&P/ASX 200 index traded flat. Trading volumes were generally subdued across Asian markets, reflecting the cautious sentiment prevailing among investors.

The Federal Reserve’s decision is expected to have a significant impact on global financial markets. A hawkish signal from the Fed could trigger a sell-off in risk assets, while a more dovish stance could provide support to equities. Investors will be closely scrutinizing the Fed’s statement and any accompanying economic projections for clues about the central bank’s future policy intentions.