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Asian stocks closed higher on Tuesday as the Reserve Bank of Australia cut its cash rate by a quarter point to a record low 0.75%, a decision widely expected. Japan's Tankan survey showed big manufacturers' sentiment at its lowest since June 2013, and mainland China and Hong Kong markets were closed for holidays.
Lower Australian rates weaken the currency, which can support Australian export competitiveness, while weak Japanese manufacturing sentiment signals softer demand for feed-linked imports.
cnbc.comEustance HuangSep 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
