GLOBAL MARKETS-Asia Stocks Steady Ahead of RBA Decision, Ueda Speech

STOCK MARKET - SINGAPORE. Asian stocks were perched at their highest in more than two months on Tuesday as expectations for more U.S. rate cuts kept risk sentiment aloft, while investors awaited a policy decision from Australia's central bank.

In an eagerly awaited press conference, China's top financial regulators including the central bank unveiled a slew of measures to aid the stuttering economy, including moves to reduce mortgage rates for existing homes.