Asian stocks break four-day losing streak, RBA in focus


Asian stocks snapped a four-day losing streak on Tuesday as an overnight bounce in US shares boosted risk appetite while gold briefly popped to a one-year high on growing expectations of more policy stimulus. Market attention will be focussed on the Australian central bank's interest rate decision later in the day.

Economists don't expect any change to policy at this meeting so a surprise rate cut would add to concerns about the lack of growth in the global economy. MSCI's broadest index of Asia-Pacific shares outside.

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