Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.75% lower at 511.14, moving away from 515.37, the highest level since Aug. 11 it touched on Monday.
China shares clocked their best day in over a month on Monday on the back of fresh measures to help boost the faltering economy. On Tuesday, China’s blue-chip CSI 300 Index (.CSI300) fell 0.40%, while Hong Kong’s Hang Seng Index (.HSI) slipped 0.88%, giving back some of the gains.
Read the full story on Reuters here.