Asian stocks rose for a fourth day, with the regional benchmark index extending a six-year high, before the Federal Reserve updates markets on monetary policy today and as the U.S. and European Union strengthened sanctions against Russia.

S&P/ASX 200 5,622.9 +34.46 +0.62%

TOPIX 1,292.24 +1.83 +0.14%

SHANGHAI COMP 2,181.24 -1.95 -0.09%

Honda Motor Co. climbed 3.1 percent in Tokyo after the carmaker raised its profit forecast to the highest in seven years.

Oversea-Chinese Banking Corp. gained 1.7 percent as it prepares to take Hong Kong's Wing Hang Bank Ltd. private after shareholders accepted its $5 billion takeover offer.

Hyundai Heavy Industries Co. tumbled 9.5 percent after South Korea's biggest shipbuilder reported a wider-than-expected second-quarter loss.