Stock market today: Asia shares rise moderately ahead of closely watched Federal Reserve meeting

Asian shares are trading mixed as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. Benchmarks rose Wednesday in Tokyo and Seoul but declined in Shanghai and Sydney. Trading was closed in Hong Kong for a holiday. The Bank of Japan and the Bank of England are also holding monetary policy meetings later this week. Neither central bank is expected to move on rates, although the language of what the officials say could be an indicator of later moves. U.S. stocks were little changed on Tuesday.