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

SINGAPORE: Asian stocks fell on Tuesday as weak service sector data 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.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.65% lower at 511.63, moving away from 515.37, the highest level since Aug. 11 it touched on Monday.