Asian stocks mixed after Wall Street hits new high

Asian stock markets are mixed after Wall Street hit a new high as investors looked ahead to a Federal Reserve gathering for an update on U.S. stimulus

BEIJING -- Asian stock markets were mixed Wednesday after Wall Street hit a new high as investors looked ahead to a Federal Reserve gathering for an update on U.S. stimulus. Shanghai advanced while Hong Kong declined. Tokyo was little-changed. Wall Street's benchmark S&P 500 index rose 0.2% after a quiet day in the market. Investors are betting on an “absence of aggressive taper signals” when Fed officials speak Friday at their annual Jackson Hole meeting, said Mizuho Bank's Venkateswaran Lavanya in a report.