Asian Equities Mixed Ahead of Central Banks

Asian shares traded mixed early Tuesday as investors awaited key central bank decisions in the region.

Twenty out of 21 economists polled by Reuters expect the Reserve Bank of Australia (RBA) to hold its cash rate at a record low of 2 percent at its meeting Tuesday as well as forecasting rates will stay steady through 2016. Analysts surveyed by Reuters also expect the Reserve Bank of India (RBI) to stand pat on its key repo rate at 7.25 percent, with retail inflation at an eight-month high.

A negative handover from Wall Street likely also dampened sentiment. U.S. stocks ended lower as tumbling oil prices dragged down energy shares and after lackluster economic data from China.