Asia set to trade lower ahead of Australia's interest rate decision

Stocks in Asia were set to trade lower on Tuesday, with Wall Street closed on Monday for a holiday.

The Reserve Bank of Australia is also set to announce its interest rate decision later on Tuesday at about 12:30 p.m. HK/SIN.interest rate decision, due around 12:30 p.m. HK/SIN.last close at 6,579.40. "The RBA indicated in August that it was in assessment mode and would wait until an 'accumulation of additional evidence'," Strickland wrote in a Tuesday morning note. "Recent data suggests the economy remains soft with little sign of retail picking up on the back of tax cuts, though we expect the RBA to wait until next month's data before deciding in case spending was shifted between quarters.

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