Asian Markets Mixed After Holidays; China Cuts Key Lending Rate
• Asian shares traded mixed on Tuesday following a holiday in the U.S.; Chinese markets reopened after Lunar New Year holiday
• China's central bank kept 1-year loan rate unchanged but cut 5-year rate by 25 basis points
• Hong Kong's Hang Seng shed 0.3%; Shanghai Composite lost 0.1%
• Japan's Nikkei 225 little changed, edging up less than 0.1%
• Recent U.S. wholesale inflation report indicated rising prices continues, squelching hopes for Fed rate cuts in March