Asian markets mixed ahead of Fed meeting

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/VEOTZEkQsaBwtvn9M.SkNA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/Part-HKG-Hkg10128703-1-1-0.jpg (http://news.yahoo.com/asian-markets-ahead-fed-meeting-033621284.html)Asian markets were mixed Wednesday as bargain-hunting was offset by more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting. Oil prices extended their losses to fresh five-and-a-half-year lows. The dollar recovered slightly against the yen ahead of the Fed get-together, which is being closely watched for clues about its interest rate plans. Global markets have been in turmoil this week due to concerns about the effect of plunging oil prices on energy firms as well as the crude-dependent Russian economy, which is also straining under Western sanctions.



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