Asian shares mostly higher ahead of Fed meeting

TOKYO (AP) — Asian shares are mostly moderately higher in listless trading as investors watch for news out of a Federal Reserve meeting. Benchmarks in Japan, China and Australia rose early Wednesday, while shares fell in South Korea. Analysts said Asian investors are adopting a wait-and-see stance before the Fed meeting. The slow pace of coronavirus vaccinations in some parts of Asia, including Japan, and a surge of cases in India are adding to continued worries about the pandemic. Investors are also waiting for President Joe Biden’s speech to a joint session of Congress. U.S. stocks ended mixed.