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Stock market today: Asian stocks are mostly higher ahead of Federal Reserve's meeting

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Asian stocks are mostly higher ahead of the Fed’s last rate decision this year. U.S. futures rose while oil prices were mixed. Nissan Motor Co.’s shares surged 22% after reports said the company was considering a possible merger with Honda Motor Co. On Tuesday, the S&P 500 slipped 0.4% and the Dow Jones Industrial Average dropped 0.6%.

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In South Korea, the Kospi jumped 1% to 2,481.87. Australia’s S&P/ASX 200 edged 0.1% lower to 8,304.00. The S&P 500 is on track for one of its best years since the millennium, up nearly 27%, because the U.S. economy has remained remarkably resilient, hopes are high thatpolicies will boost growth but not inflation too badly and the Federal Reserve has begun to make things easier by cutting interest rates from a two-decade high.to its main interest rate on Wednesday, and officials are also scheduled to unveil projections about where they see rates heading in upcoming years.

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