💨 Abstract

Asian stocks reached a two and a half year high on Tuesday, driven by Chinese stimulus measures and expectations of further U.S. interest rate cuts. China's top financial regulators announced measures including a 50 basis point cut in bank reserves and reduced mortgage rates to boost the economy. The moves led to a rise in Chinese stocks, with the CSI300 Index opening 1% higher, and the Shanghai Composite index up 1%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖