Asia Markets Tread Water As Investors Await News From The Fed

Asian shares edged down slightly on Wednesday as investors awaited monetary policy news coming at the conclusion of the US Federal Reserve's two-day meeting.

Japan's Nikkei 225 slid 0.05 percent after surging close to 2 percent on Tuesday.

Across the Korean Strait, the Kospi slipped 0.07 percent. Gains in automakers were offset by losses in tech stocks and retailers: Hyundai Motor rose 1.07 percent, Samsung Electronics shed 0.15 percent and Lotte Shopping fell 3.03 percent in early trade.

Down Under, the S&P/ASX 200 lost 0.35 percent, with the telecommunications services sub-index falling 0.99 percent. Financials were also pressured, with the sub-index edging down 0.57 percent.

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