Asian markets slip ahead of Fed’s interest-rate decision

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TOKYO — Asian shares mostly declined in cautious trading Tuesday ahead of the Federal Reserve’s looming decision on interest rates.

Japan’s benchmark Nikkei 225 JP:NIK dropped 1.2% in morning trading. Australia’s S&P/ASX 200 AU:XJO lost 0.4% while South Korea’s Kospi KR:180721 edged down 0.3%. Hong Kong’s Hang Seng HK:HSI slipped 0.1%, while the Shanghai Composite CN:SHCOMP fell 0.1%. Benchmark indexes in Singapore SG:STI and Taiwan TW:Y9999 rose, while stocks slipped in Indonesia ID:JAKIDX.

The…

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