Asia shares tick higher as China cuts repo rate

FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato

SYDNEY (Reuters) – Asian shares blipped higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that more stimulus was on the way for the world’s second-largest economy. China’s central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%, […]

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