• Asian stocks held to tight ranges Tuesday as investors awaited fresh catalysts after US markets were closed for a holiday Monday.
  • Stocks in Australia fell, weighed down by BHP Group Ltd. after the miner missed profit estimates, while those in Japan eked out a gain. Futures for Hong Kong shares edged higher, while contracts for US equities were little changed.
  • A gauge of global stocks was just 1.1% from its peak after the S&P 500 set a fresh record last week, while the region-wide Euro Stoxx 50 hovered near a two-decade high. In China, authorities lowered the five-year loan prime rate to 3.95% in February from 4.20% in January while maintaining the the one-year rate at 3.45%. Chinese mainland equity gauges fell short of earlier optimism Monday in the first session back following the Chinese New Year holiday. A rise in trading volume for several exchange-traded funds in the country offered a clue that state-backed funds were continuing to support the market.