Asian stocks drop as China support plan falls flat, traders await Trump’s Cabinet

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Asian stocks drop as China support plan falls flat, traders await Trump’s Cabinet - Malay Mail

Quick Summary:

HONG KONG, Nov 1 — Asian markets fell today after China’s keenly anticipated plans to support the world’s number two eco...

The selling came as investors ignored another record for all three markets on Wall Street, which was also helped by another Federal Reserve interest rate cut.

Authorities in late September began unveiling a raft of policies aimed at reigniting the economy, which has failed to fire since the lifting of tough Covid-fighting rules at the end of 2022.