Asian stocks snapped a three-day winning streak on Tuesday, as investor enthusiasm about a peak in global interest rates started losing steam, while the Australian dollar fell after a rate hike came with a shift in tone from the central bank.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.2%. Over the previous three sessions, a rally had lifted the benchmark by nearly 6%.
Read the full story here.