Asian stock indices closed higher on solid corporate earnings reports.

Investors are awaiting the Fed's interest rate decision today. They expect that the Fed will end its bond-buying program.

Investors also expects new signs for further monetary policy.

Japanese stocks rose as industrial production from Japan increased better than expected by analysts. Preliminary industrial production in Japan climbed 2.7% in September, exceeding expectations for a 2.3% gain, after a 1.9% decline in August.

On a yearly basis, preliminary industrial production rose 0.6% in September, beating forecasts for a 2.6% decrease, after 3.3% drop in August.

Indexes on the close:

Nikkei 225 15,553.91 +224.00 +1.46%

Hang Seng 23,819.87 +299.51 +1.27%

Shanghai Composite 2,373.03 +35.16 +1.50%