Australia, China Stock Markets Climb

Most Asian shares rallied Tuesday, with Australia led higher by a cut in the country’s benchmark interest rate and China rising on fresh confidence in Beijing’s stated support of its stock markets.

Australia’s SP/ASX 200 led the Asia-Pacific region with a 2.1% gain buoyed by strength in banking shares. Shares rose to their highest level in six months after the Reserve Bank of Australia cut the cash interest rate to 1.75%, a new…

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