SHANGHAI: Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a"patient" approach to interest rate policy.
Japan's financial markets remain closed for a national holiday as Japanese Emperor Akihito prepares to abdicate on Tuesday in favor of his elder son, Crown Prince Naruhito. The Fed is widely expected to leave interest rates unchanged, as it seeks to balance robust economic growth against low inflation.
The yield on benchmark U.S. 10-year Treasury notes retreated to 2.527 percent as of 2330 GMT Tuesday after rising to a close of 2.536 percent Tuesday on the strong consumer spending data.
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