SHANGHAI (Reuters) – Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a “patient” approach to interest rate policy.

FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. REUTERS/Aly Song

Traders were also cautious ahead of readings on China’s factory activity (0100 GMT), hoping for more signs that the world’s second-largest economy is starting to stabilize in response to a flurry of stimulus measures.

MSCI’s broadest gauge of Asia-Pacific shares outside Japan was off 0.1 percent, weighed by weakness in Korean shares, which fell 0.4 percent.

Australian equities fell