Investing.com-- Most Asian stocks moved in a flat-to-low range on Tuesday as Chinese markets struggled after recent fiscal measures from Beijing underwhelmed, with focus turning to an upcoming U.S. inflation reading this week.
Regional markets took middling cues from a mildly positive overnight close on Wall Street, with U.S. stock benchmarks rising slightly to record highs. U.S. stock index futures were flat in Asian trade, as investors speculated over just what a Trump victory will entail for economic policy. But the measure was expected to offer little direct support to the economy. Investors were also disappointed by a lack of fiscal measures targeted at shoring up personal consumption and supporting the property market.
Analysts said China had likely held back on more fiscal measures to gauge the impact of a Trump presidency on the country, given that the president-elect has vowed to impose steep trade tariffs on Beijing.) clocking an over 70% increase in its quarterly profit. But the media giant presented a weak outlook on dwindling hardware sales.) rose 0.
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