Asia stocks lower after Wall St record ahead of Fed meeting

Asian stock markets are lower after Wall Street hit a new record as investors looked ahead to this week's U.S. Federal Reserve meeting for reassurance interest rates will be kept ultra-low

BEIJING -- Asian stock markets fell Tuesday after Wall Street rose to a new record as investors looked ahead to this week's Federal Reserve meeting for assurance U.S. interest rates will be kept ultra-low. Shanghai, Tokyo, Hong Kong and South Korea declined. Overnight, Wall Street's benchmark S&P 500 index rose 0.2% as gains for tech, bank and consumer stocks outweighed declines for health care. Investors expect the Fed to keep its key lending rate close to zero and to inject more money into the financial system through bond purchases following a two-day meeting that starts Tuesday.