Asian stocks showed a mixed performance on Tuesday, with most markets in the region posting gains. The Nikkei 225 in Tokyo rose by 2.1% to 38,156.41, rebounding from a previous day's decline. The yen, after briefly touching 145 against the U.S. dollar, settled at 146.94 on Tuesday.
China maintained its benchmark lending rates unchanged, with the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. This decision followed a series of interest rate cuts last month aimed at bolstering the economy. The one-year LPR is a key reference for corporate loans, while the five-year LPR influences mortgage rates.
