News Snapshot:
Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth and Australia’s central bank raised its benchmark interest rate. Shanghai, Tokyo and Seoul gained while Hong Kong declined. The Chinese Cabinet’s planning agency promised Monday to accelerate easier lending and other policies but announced no new spending. Economic growth sank to 2.5% over a year earlier in the first half, less than half the official annual target. The announcement might “provide a short-term uplift” to sentiment, but investors “ultimately want to see a stronger recovery,” said Yeap Jun...
