Asia markets trade mixed after Wall Street declines as investors await Fed meeting decision

Asia-Pacific markets traded mixed Wednesday, after Wall Street declined as investors awaited the key monetary policy decision from the U.S. Federal Reserve 's two-day meeting, where it is expected to cut interest rates.

Japan's benchmark Nikkei 225 index reversed losses from the start of the trading session to rise 0.17%, while the Topix index fell 0.4%.

The country's exports dropped 0.1% year on year in August, government data showed, less than the 1.9% drop expected by economists polled by Reuters. The latest reading compares with the 2.6% decline in exports in the previous month.

Exports from the world's fourth-largest economy have fallen into negative territory as the country grapples U.S. tariffs and a slowdown from the front-loading of exports at the start of the year.

Austra