The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Stefani Reynolds | Bloomberg Creative Photos | Getty Images
Asia-Pacific markets largely fell Wednesday as investors look ahead to the U.S Federal Reserve's policy decision overnight.
Most economists surveyed by Reuters said said they expect the Fed to hike rates by 25 basis points, with the remainder forecasting a pause.
Hong Kong's Hang Seng index led losses in the region and tumbled 1.34% in its final hour of trade, led by energy, industrials and healthcare stocks, while the Hang Seng Tech index slid 1.88%.
In Australia, the S&P/ASX 200 fell 0.96% to end the day at 7,197.4, while South Korea's Kospi dropped 0.91% to close at 2,501.4 and the Kosdaq saw a larger loss, falling 1.45% and ending the day at 843.18. Markets in Japan and mainland China are closed for a holiday Wednesday.
Overnight in the U.S., all three major indexes fell for a second-straight session as banking fears returned to Wall Street ahead of the Fed rate decision.
The Dow Jones Industrial Average and Nasdaq Composite fell 1.08% each, while the S&P 500 saw a slightly larger loss and slid 1.16%.
— CNBC's Hakyung Kim and Alex Harring contributed to this report
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