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Home » Asia stocks snap winning streak, await RBA

Asia stocks snap winning streak, await RBA

    Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak in global interest rates. Focus is on whether Australia's central bank turns odd man out and raises rates, with a policy decision due at 0330 GMT. Stubbornly high core inflation last quarter has markets pricing about a 60% chance the Reserve Bank of Australia raises its benchmark cash rate to a 12-year high of 4.35%.

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