Asian stocks rose modestly on Wednesday, with investors cautious after trade talks between the U.S. and China ended without any substantive agreement and ahead of the Federal Reserve's policy announcement.

Asian markets rose modestly on Wednesday as investors remained cautious following U.S.-China trade talks that ended without a major breakthrough and ahead of the Federal Reserves policy announcement.

Wall Street’s record-breaking, weeklong run ran out of momentum on Tuesday. The S&P 500 slipped 0.3% for its first drop after closing at an all-time high in six successive days. The Dow Jones Industrial Average sank 204 points, or 0.5%, and the Nasdaq composite shaved 0.4% off its own record.

Stock markets in Asia are mixed after U.S. stocks rose to more records as they closed out another winning week

The U.S. economy has seemed to hold up so far despite the pressures of tariffs, though it does appear to be slowing.