Asia stocks mixed on China data and RBA decision; new Trump tariffs weigh on sentiment
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Asia stocks trade mixed on Tuesday, lacking strong directional conviction as investors reacted to mixed business activity readings from China, the region’s largest economy, and as investors digested the Reserve Bank of Australia’s latest monetary policy decision.
U.S. President Donald Trump’s
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Uncertain Chinese data contributed to mixed trading and cautious investor sentiment across Asian markets.
BOJ’s openness to rate hikes and weak retail, industry, and housing data in Japan contributed to a third straight equities decline, signaling persistent headwinds.
Australia’s steady cash rate at 3.6% underpinned gains in equities and led to a strengthening AUD, while housing approvals declined.
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