index and E-mini futures for the S&P 500 each fell 0.33%. U.S. markets were closed for a public holiday on Monday.
The rate cuts are the latest in a string of moves by Beijing to shore up a slowing recovery in the world's second-largest economy amid looming deflation risks, property market woes and high youth unemployment. The delay in further stimulus measures weighed on sentiment, with Citi the latest in a handful of big banks to lower its growth forecasts for the Chinese economy on Tuesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: