Asian shares are trading mostly lower as markets mull the impact of tariffs being imposed by the United States and China.

Emerging-market stocks and currencies rallied as fears eased Tuesday that President Donald Trump’s threats would spark a full-blown trade war.

The repo rate has been unchanged at 6.5% since February 2023, and the last rate cut was announced during the Covid-19 pandemic in May 2020.

Analysts at Barrenjoey, Deloitte, KPMG, Judo Bank and Oxford Economics are tipping that the Reserve Bank will keep rates on ...