Asia stocks tick up from one-year low, China gains on RRR cut

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Reuters

By Anshuman Daga SINGAPORE (Reuters) – Asian stocks edged higher on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets gained after the central bank there eased monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.6% after declining on Monday to the lowest level in one year. The benchmark has lost 6% so far this year, with Hong Kong markets figuring among the big losers, while Indian and Taiwanese stocks outperformed. On Tuesday, Australia’s S&P/ASX200 rose 0.5%, while Japan’s Nikkei advanced 1.1% as risk-on sentiment pus…

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