Asian stocks rise on China stimulus cheer; Australia lags before RBA

Investing.com-- Most Asian stocks rose on Tuesday with Chinese markets leading gains on reports of more stimulus measures from Beijing, while Australian markets lagged before a Reserve Bank meeting.

Most Asian markets were sitting on strong gains from the past week, as investors cheered a bumper interest rate cut by the Federal Reserve. Focus this week is on more cues from the Fed and the U.S. economy.Chinese officials unveiled a slew of planned measures to further spur economic growth, with the People’s Bank set to cut reserve requirements for banks by 50 basis points to unlock more liquidity.

Tuesday’s moves come after the PBOC had on Monday cut a short-term repo rate to further boost liquidity. The moves are aimed squarely at shoring up economic growth, as the Chinese economy struggles with persistent disinflation and an extended property market downturn.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asian stocks edge lower, China hit by Canada EV tariffsAsian stocks edge lower, China hit by Canada EV tariffs
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Asian stocks rise with inflation in focus; China dips on US jittersAsian stocks rise with inflation in focus; China dips on US jitters
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Asian stocks muted with rate cuts in focus; Hong Kong dips on weak China dataAsian stocks muted with rate cuts in focus; Hong Kong dips on weak China data
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »