China bond yields fell to a record low after the People's Bank of China announced that it will cut the reserve requirement ratio on Tuesday.

China’s central bank, the PBOC, has announced a series of stimulus measures that have sent Asian stocks skyrocketing and are expected to boost European markets. The PBOC plans to inject at least 800 billion yuan ($114 billion) into the stock market and allow brokerages to access central bank funding for buying equities.

Asian equities were largely higher as Japan closed for the Autumn Equinox.

Trafigura has appointed Richard Holtum as chief executive, replacing Jeremy Weir who will become chair of the Swiss trading house. Holtum, a former military officer, has enjoyed a rapid rise at Trafigura since he joined in 2014,

Asia-Pacific markets trade mostly in green, driven primarily by Chinese equities, following a series of stimulus measures from the Chinese central bank to boost the faltering economy and RBA cash rate decision.