Asia markets closed mixed on Tuesday as most major exchanges outside of Japan and Australia resumed after being shut for a public holiday on Monday.
The Reserve Bank of Australia (RBA) kept its benchmark cash rate unchanged at a record low of 1.5 percent, largely in line with market expectations. Governor Philip Lowe said in the policy statement that conditions in the house market continue to vary considerable around the country.
"There's currently no monetary policy bias built into the RBA futures curve for this year, with less than 2 basis points of easing "priced in" by December, an understandable less than 10 percent chance of a cut," said David de Garis, director of economics at the National Australia Bank, in a note before the RBA's decision.
The Australian dollar traded as high as $0.7555 after the decision, before easing slightly to $0.7528 at 3:29 p.m. HK/SIN. The Aussie climbed from levels below $0.7500 on Monday.
In the equity market, the benchmark ASX 200 finished down 6.15 points, or 0.1 percent, at 5,950.37, with the heavily-weighted financial sector down 0.81 percent.
Across the Korean Strait, the Kospi closed up 14.23 points, or 0.65 percent, at 2,219.67. In Hong Kong, the Hang Seng index rose 0.16 percent in late-afternoon trade and Singapore's STI was up 0.9 percent.
Bank earnings were also on investors' radar today.