Business
Stocks in Asia-Pacific jump ahead of U.S. election; Australian central bank lowers cash rate – CNBC
The Reserve Bank of Australia on Tuesday announced its decision to lower the cash rate target to 0.1%.
SINGAPORE Stocks in Asia-Pacific were higher on Tuesday as the Reserve Bank of Australia’s lowered its cash rate target.
Hong Kong’s Hang Seng index led gains among the region’s major markets as it jumped more than 2%, as of its final hour of trading. Shares of life insurer AIA soared more than 6%.
Mainland Chinese stocks were also higher on the day, with the Shanghai composite gaining 1.42% to about 3,271.07 while the Shenzhen component added 1.185% to approximately 13,580.04.
South Korea’s Kospi…
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