Asia stocks mixed ahead of major interest rate decisions, China's weak data drags
Investing.com-- Asian stocks were mixed on Tuesday as markets awaited interest rate decisions from major central banks later this week, while weak Chinese economic readings released a day earlier eroded risk sentiment., where a 25 basis point cut is largely expected. Markets were awaiting signals on the Fed’s long-term rate trajectory from this meeting.
Reuters had reported the BOJ was likely to keep interest rates unchanged this week, in contrast to earlier expectations of a hike. The Philippine central bank is expected to reduce its key policy rate by 25 basis points for the third consecutive time, as inflation remains manageable and the economy shows signs of weakening.index fell 0.9% amid an ongoing political crisis in the country. South Korean President Yoon Suk Yeol was impeached in parliament on Saturday over his attempt to impose martial law in the country.
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