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China Optimism Fades - The RBA In Focus

China Optimism Fades - The RBA In Focus
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South African rand weakened 1% at start of data-filled week

Asian shares slip as China optimism fades; RBA in focus

Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia. China shares clocked their best day in over a month on Monday on the back of fresh measures to help boost the faltering economy. On Tuesday, China's blue-chip CSI 300 Index fell 0.40%, while Hong Kong's Hang Seng Index slipped 0.88%, giving back some of the gains.

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