Asian stocks followed Wall Street lower on Tuesday amid worries that interest rate increases in the United States might stall global growth.
Regional markets ended well off their day's lows after the Chinese government announced rent cuts and other aid for small businesses in a new effort to boost economic growth.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.