TOKYO – Asian shares were mostly lower, trading in a narrow range ahead of a Federal Reserve meeting later Wednesday that's expected to result in the third cut to interest rates this year.

Japan's benchmark Nikkei 225 dropped 0.4% in morning trading to 50,447.95. Australia's S&P/ASX 200 slipped nearly 0.1% to 8,580.30. South Korea's Kospi inched up less than 0.1% to 4,144.61. Hong Kong's Hang Seng lost 0.4% to 25,337.62, while the Shanghai Composite shed 0.6% to 3,887.00.

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