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Asia stocks set to trade lower as investors await Fed rate decision

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Stocks in Asia were poised to trade lower on Wednesday amid dampened expectations for a resolution to the U.S.-China trade war. Meanwhile, investors await the U.S. Federal Reserve's announcement of its decision on interest rates, set to happen on Wednesday.

China is set to release its official manufacturing Purchasing Managers' Index for July at 9:00 a.m. HK/SIN.

Meanwhile, the Fed is set to deliver its decision on interest rates later Wednesday, with expectations that it will cut interest rates by a quarter point.

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