Investing.com-- Most Asian stocks rose on Wednesday with technology shares tracking gains in their U.S. peers, while Chinese markets fell sharply as investors were disappointed by a lack of details on more stimulus measures.
But U.S. stock index futures were muted in Asian trade, with focus turning to more cues on the Federal Reserve and inflation, which are due in the coming days. Bets on a slower pace of U.S. rate cuts had dented stock markets at the beginning of the week.Chinese markets had risen sharply on Tuesday as trade resumed after the Golden Week holiday, and as investors cheered a slew of stimulus measures announced by the government in late-September.
Markets were also disappointed by a lack of targeted fiscal measures, which Beijing has largely declined to implement despite repeated calls from investors. The Hang Seng is one of the best-performing stock markets this year, having surged to a two-year peak earlier in October on optimism over China.
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