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.
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