Asian shares mixed ahead of Fed policy statement

Shares are mixed in Asia as traders await the outcome of the last Federal Reserve meeting of this year

BANGKOK -- Stocks were mixed in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year.

Tokyo's Nikkei 225 index was nearly unchanged at 28,429.93 and the Kospi in Seoul shed 0.3% to 2,978.10. In Sydney, the S&P/ASX 200 gave up 0.5% to 7,343.20.

Hong Kong's Hang Seng index rose 0.2%, while the Shanghai Composite index edged 0.1% higher.

The yield on the 10-year Treasury was steady at 1.44%.