Asian shares mixed after China stimulus

Stock markets across Asia have been mixed today (September 17th), with investors weighing the stimulus announced in China against the Federal Reserve decision due later in the session.

The People's Bank of China injected $82 billion into the nation's five largest banks in an effort to reverse the slowdown in the growth of the world's second-largest economy. This comes after recent data highlighted weak foreign direct investment and industrial output in August.

Following the announcement, Hong Kong's Hang Seng surged 1.16 per cent higher, while the Shanghai Composite ticked up by 0.16 per cent.

Investors are now awaiting the conclusion of the Fed's two-day policy meeting. Central bank chair Janet Yellen is expected to confirm the exit of the bank's quantitative easing programme and may use more hawkish language than at any point since the global financial crisis, according to reports.

Tokyo's Nikkei 225 index ended the session down by 0.14 per cent at 15,888.67 points.