GLOBAL MARKETS-Asian shares slide as China optimism fades; RBA keeps rates steady

rekindled worries over China's sputtering post-pandemic economy, while the Reserve Bank of Australia kept interest rates unchanged, as expected, for a third month in a row. A recent rally in China shares, spurred by a spate of government measures to help boost the faltering economy, is quickly losing steam. The optimism quickly dwindled after a private-sector survey showed on Tuesday that China's services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world's second-largest economy and stimulus failed to meaningfully revive consumption.