BANGKOK--Shares were mixed in Asia on Tuesday after the Nasdaq set a record ahead of a meeting by the Federal Reserve later this week that could set the direction for markets in the new year.

Shares are mostly lower in Asia after China reported that its economy grew at a 5% annual pace last year, hitting the government's target but slowing from the year before.

The SET in Bangkok picked up 0.3%. U.S. stock indexes resumed climbing on Wednesday after an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.

World shares are mixed, with Asian shares declining, after U.S. markets were closed to observe a National Day of Mourning for ...