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Asian markets tepid ahead of major earnings, Fed meeting

SEOUL, South Korea (AP) — Asian stock markets were lukewarm Tuesday, taking a cue from losses on Wall Street ahead of earnings from major Asian companies and the Federal Reserve’s policy meeting.

KEEPING SCORE: Japan’s Nikkei 225 outperformed the region, gaining 0.5 percent to 20,082.23. Other markets were lower with Hong Kong’s Hang Seng down 0.1 percent to 28,411.43. South Korea’s Kospi drifted 0.1 percent lower to 2,154.38. Australia’s S&P/ASX 200 fell 0.4 percent to 5,960.80. Stocks in Southeast Asia were weaker.

EARNINGS WATCH: Investors are waiting for an update on the health of corporate Asia with major tech and auto companies expected to report quarterly financial results this week, including Honda later in the day and Samsung, LG and Sony later this week.

FED WATCH: Investors are looking ahead to Wednesday when the Federal Reserve ends a two-day meeting at which policymakers will discuss when to raise a key interest rate that has been held near zero for 6

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