Asia markets were mixed Tuesday morning, with eyes on China after the central bank’s surprise reserve requirement ratio (RRR) cut to free up liquidity.
Japan’s benchmark Nikkei 225 shed 1.05 percent. The South Korean market is closed for a public holiday.
Chinese markets wavered between positive and negative after the RRR cut and worse-than-expected manufacturing data, with the Shanghai composite up by 0.31 percent, while the Shenzhen composite gained 0.7 percent. Hong Kong’s Hang Seng Index added 0.28 percent.
Singapore’s DBS bank said in a note on Monday, “The global rally in risk assets could run out of fuel soon.”
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