Asian markets today: Kospi, Nikkei slip up to 1% ahead of US Fed meeting

Asia-Pacific markets traded mostly lower in early Wednesday trade, with South Korea's Kospi falling over 1% and Japan's Nikkei 225 slipping 0.20%, though the Topix gained 0.46%. Investors are focused on the US Federal Reserve's upcoming policy decision and the direction under incoming Fed leadership, while oil prices ticked up after tumbling nearly 5% in the prior session to below $79 per barrel. US stock futures were flat overnight, and the Dow Jones hit a record close of 328.64 points higher at 0.64%, while the S&P 500 and Nasdaq Composite declined 0.57% and 1.15% respectively.