Asian stocks struggle as China support plan falls flat, bitcoin hits record

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HONG KONG: Most Asian markets fell on Monday (Nov 11) after China's keenly awaited plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last...

Cars travel past a pedestrian overpass with a display of stock information at the Lujiazui financial district in Shanghai, China, on Nov 7, 2024.

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-19-fighting rules at the end of 2022. Observers said there were concerns about the impact of Trump's planned tariffs, which he said would have a particular focus on China, fuelling talk of another

 

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