SINGAPORE: Asian shares rode a sharp rise in Chinese stocks higher on Tuesday as Beijing ramped up efforts to put a floor under its slumping market, but elsewhere investors were cautious as bets trimmed for a near-term Federal Reserve rate cut.
A slew of announcements from China's securities regulator, as well as a reported meeting between President Xi Jinping and financial regulators on Tuesday, highlighted the urgency of Chinese authorities to stem heavy losses in its stock market, which have plumbed multi-year lows in recent days.
