Asian Stocks Swing As Traders Bide Time

Asian stock markets were mixed Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.

Traders took a breather from the global rally that has lifted several indexes to record highs over recent weeks as they await the Federal Reserve decision and post-meeting comments by bank boss Jerome Powell.

While a 25-basis-point reduction — the first of 2025 —…