SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors look ahead to the end of the U.S. Federal Reserve’s two-day meeting for clues on tapering.

It S&P/ASX 200Australia’s shares rose by 1.4%. BHPAnd WestpacThe average increase was at least 1%.

South Korea is home to the KospiThe decline was 0.42%. Kakao Pay shares surged on Wednesday as they doubled their issue price, which was 90,000. Korean won. Stock traded last week at 108% more than the issue price.

Kakao Games saw a 3.47% increase, Kakao Corp shares dropped 0.39%, and Kakao Bank fell 4.99%.

MSCI’s Asia-Pacific share index outside Japan was 0.16% lower.

Japan has a Wednesday holiday that sees the markets close.

Federal Reserve concludes its two-day meeting on Wednesday statesideInvestors will be watching for information about any decrease in the monthly amount of bonds purchased by the central banks.

Also expected Wednesday is a private survey of Chinese services activity, the Caixin/Markit service Purchasing Managers’ Indice due 9:45 HK/SIN.

Petroleum prices fell in the early hours of Asia trade, with an international benchmark Brent crude futuresThe barrel price has fallen to $83.71 per barrel, or 1.19%. U.S. crude futuresBarrel price dropped by 1.57%, to $82.59

It U.S. dollar indexThe, which measures the greenback’s performance against a basket containing its peers, reached 94.111 on Tuesday, after an increase from 93.9.

It Japanese yenThe dollar traded at 113.84 dollars, which is lower than the 113.6 levels seen yesterday against the greenback. The Australian dollarToday’s fall from $0.752 to $0.7435 resulted in $0.7435 being exchanged