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Asia Pacific stocks set to trade mixed as investors await Fed interest rate decision

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Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis points.

Stocks of oil companies in the region will also be watched, following a sharp drop in crude prices overnight after Saudi Arabia signaled its oil supply could return to normal soon.

Stocks in Asia Pacific were poised to trade mixed on Wednesday as investors await the U.S. Federal Reserve's interest rate decision, set to be released later stateside. Futures pointed to a lower open for Japanese stocks, with the Nikkei futures contract in Chicago at 21,890 and its counterpart in Osaka at 21,860. TheShares in Australia were set to trade little changed. The SPI futures contract was at 6,703.0, as compared to the

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