"RBA's Pause Fails to Halt Asia's Stock Decline Amid Inflation and Growth Worries"
Asian stocks slipped as investors grappled with inflation concerns following the surprise cuts to the OPEC+ group's oil output targets, while treasury yields fell after frail US manufacturing data renewed anxiety about the economy. The Reserve Bank of Australia paused its tightening cycle following 10 straight rate hikes. Hong Kong's Hang Seng index dropped 1.1%, led by technology stocks, as elevated Sino-US tensions dented investor sentiment.