Chinese markets finish higher
Chinese markets closed higher on Tuesday as Beijing cut a benchmark lending rate used to price mortgages in an effort to kickstart its struggling economy. The Hang Seng Index ended up 0.6 percent, or 91 points, to close at 16,247. The Shanghai Composite Index ticked up 0.4 percent, or 12 points, to 2,922, and the Shenzhen Composite Index added 0.5 percent, or 8 points, to 1,612. (AFP)