Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak in global interest rates.
Focus is on whether Australia's central bank turns odd man out and raises rates, with a policy decision due at 0330 GMT.
Stubbornly high core inflation last quarter has markets pricing about a 60% chance the Reserve Bank of Australia raises its benchmark cash rate (AUCBIR=ECI) to a 12-year high of 4.35%.
Focus is on whether Australia's central bank turns odd man out and raises rates, with a policy decision due at 0330 GMT.
Stubbornly high core inflation last quarter has markets pricing about a 60% chance the Reserve Bank of Australia raises its benchmark cash rate (AUCBIR=ECI) to a 12-year high of 4.35%.