(Bloomberg) — Asian stocks rose along with US equity futures on expectations that China may deliver more stimulus to revive the world’s second-largest economy.
The MSCI Asia Pacific Index climbed as shares in China, Hong Kong and South Korea advanced. The People’s Bank of China and other regulators will hold a briefing on Tuesday, after data on Friday reinforced the slowing momentum in the economy. The yen dropped after Bank of Japan Governor Kazuo Ueda indicated Friday that authorities aren’t in a hurry to raise interest rates again.
China’s central bank cut a short-term policy rate on Monday as part of reductions initiated in July. The central bank lowered the 14-day reverse repurchase rate to 1.85% from 1.95% previously.
https://finance.yahoo.com/news/asian-stocks-poised-fall-china-224131071.html
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