) after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen.climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.
However, the stimulus steps lacked the direct injection of money into the economy that some investors had hoped to see, particularly amid the threat of massive tariffs under the incoming Trump administration. Bitcoin, which has been another prominent"Trump trade", extended its record run to mark a fresh all-time high of $81,899.22.Traders will be watching consumer price data on Wednesday for stickiness that could scupper the chances of an interest rate cut at the next meeting in December.
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Stock market today: Asian stocks decline as China stimulus plan disappoints marketsAsian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations.
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Stock market today: Asian shares are mostly higher as China begins major economic meetingShares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy.
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Stock market today: Asian stocks decline as China stimulus plan disappoints marketsAsian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations.
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Stock market today: Asian shares are mostly higher as China begins major economic meetingShares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy. Oil prices gained more than $1 a barrel after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. On Friday, the S&P 500 rose 0.
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Stock market today: Asian stocks decline as China stimulus plan disappoints marketsAsian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations. China on Friday approved a 6 trillion yuan plan during a national legislature meeting.
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Stock market today: Asian shares are mostly higher as China begins major economic meetingShares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy.
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