The market on Tuesday shrugged off potentially bearish news that China has again tightened its monetary policy to reduce demand for commodities.

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The good news for the luxury brand industry in China is that the market is still growing.

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Apple expects China to overtake the US as its biggest sales market, the company's chief executive has told China's state news agency.

BBC: Apple expects Chinese sales 'to overtake US'

Resource shares supported the Sydney market, and the Australian dollar jumped briefly, after China's Xinhua news agency said the People's Bank of China would boost liquidity via its reserve requirement ratio.

WSJ: Asia Markets End Mixed

Some negative trade deficit news coming out of China early Monday did weigh slightly on the raw commodity sector of the market place.

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Although the corn market most closely tracks news and weather in the US, any weather related crop disasters in China would at least lend support to corn prices.

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