Asia Markets Rise Amid Economic Data and Fed Meeting

Asia-Pacific markets are expected to rise as investors await economic data and the U.S. Federal Reserve's rate decision. Key events include China's factory activity figures, Australia's fourth-quarter inflation figures, and Taiwan and Hong Kong's fourth-quarter GDP numbers. The S&P 500 and Nasdaq Composite ended mixed, with the S&P 500 retreating from all-time closing highs. The U.S. gross domestic product data revealed higher-than-expected economic growth in the fourth quarter, supporting the notion of avoiding a deep recession.