"Asian Stocks Await Fed Decision, Oil Slumps, China Weighs"

Asian stocks were mixed as investors awaited the Federal Reserve's final policy decision of the year, with concerns over softening demand and oversupply causing oil prices to slump to six-month lows. Market expectations are for the Fed to keep rates on hold, but attention will be on Fed Chair Jerome Powell's press conference and the dot plot of future policy trajectory. Chinese blue-chip stocks sank as investors were disappointed by the lack of strong stimulus measures from Beijing to support the country's economic recovery. The U.S. dollar was on the defensive, while gold slipped to a more than three-week low.