Asian markets end mostly lower ahead of US Fed meeting

Asian markets ended mostly lower on Friday ahead of the US Federal Reserve policy meeting next week. Meanwhile, global investors are betting that spiking inflation would be temporary and the US Federal Reserve will maintain its ultra-loose monetary policies for some time. Chinese shares declined after data showed the country's broader credit growth continued to slow in May as the central bank seeks to contain rising debt. Japanese shares settled lower with investors remaining cautious about the pace of domestic economic recovery as the country grapples with a fourth wave of the corona virus pandemic.