💨 Abstract

Asian stocks reached a 2.5-year high on Tuesday, boosted by China's financial stimulus measures and expectations of further U.S. rate cuts. China's regulators announced a 50 basis point cut in bank reserves and mortgage rate reductions to stimulate economic growth. European stock markets also showed signs of a strong open. However, questions remain about the effectiveness of these measures in revitalizing China's economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖