Asian Equities Start Higher Ahead of RBA

Asian stocks could open higher on Tuesday, tracking gains on Wall Street overnight and ahead of a keenly-anticipated policy decision by Australia’s central bank.

Japan’s Nikkei 225 index is poised to move higher at the open as stock futures in Chicago and Osaka traded at 18,940 and 18,880; both higher than the benchmark index’s previous close of 18,826.

Australia’s S&P ASX 200 index notched up 0.4 percent to fresh 7-year highs, while the Australian dollar hovered near a one-week low, as traders await the Reserve Bank of Australia’s policy decision at 1130 SIN/HK, where the central bank is widely expected to announce its second consecutive interest rate cut.

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