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Asian shares slip ahead of Fed interest rate decision

A currency trader walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 4, 2022. Shares were mostly lower in Asia ahead of a interest rate decision by the Federal Reserve later Wednesday, with markets in China, Japan and some other markets still closed for holidays. (AP Photo/Lee Jin-man) Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 4, 2022. Shares were mostly lower in Asia ahead of a interest rate decision by the Federal Reserve later Wednesday, with markets in China, Japan and some other markets still closed for holidays. (AP Photo/Lee Jin-man) Currency traders watch their computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 4, 2022. Shares were mostly lower in Asia ahead of a interest rate decision by the Federal Reserve later Wednesday, with markets in China, Japan and some other markets still closed for holidays. (AP Photo/Lee Jin-man) A bank employee walks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 4, 2022. Shares were mostly lower in Asia ahead of a interest rate decision by the Federal Reserve later Wednesday, with markets in China, Japan and some other markets still closed for holidays. (AP Photo/Lee Jin-man) A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 4, 2022. Shares were mostly lower in Asia ahead of a interest rate decision by the Federal Reserve later Wednesday, with markets in China, Japan and some other markets still closed for holidays. (AP Photo/Lee Jin-man)