Korea Leads Asia Gains, RBA Stands Pat

South Korean stocks led gains in Asia-Pacific markets on Tuesday after Wall Street rose overnight on expectations that the Federal Reserve could cut interest rates soon.In Japan, the Nikkei 225 index returned from holiday in a big way, leaping 599.03 points, or 1.6%, to 38,835.16.In Hong Kong, the Hang Seng Index doffed 98.93 points or 0.5%, 18,478.37, to end a 10-day streak of gains.Markets in Korea surged, powered by heavyweights Samsung Electronics and SK Hynix. The Reserve Bank of Australia held its benchmark lending rate at 4.35% for the fourth meeting in a row.CHINA In Shanghai, the CSI…