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Traders in Asia saw Beijing’s “more proactive” fiscal measures and “moderately” loose monetary policy as part of efforts to boost domestic consumption next year.
Mainland China’s CSI 300 index rose 2.1 percent in trade. Hong Kong’s Hang Seng Index increased by 1.2 percent.
News of the measures, which came from An official readout After mainland China markets closed late on Monday, the shipment was sent. Hang Seng Index about 3% More this evening.
Investors are also awaiting a decision on interest rates set by Australia later in the day. A Reuters poll expected the Reserve Bank of Australia to keep the benchmark rate at 4.35 percent for the 10th time in a row.
of Australia S&P/ASX 200 was trading down 0.7 percent.
of Japan Nikki 225 In early trade, it climbed 0.1%, while the Topix added 0.15%.
South Korea’s benchmark Kospi rose 2.4 percent, while the small-cap KOS DAC rose 5 percent as investors eyed the country’s political situation.
In the US on Monday, tech shares struggled as investors braced for key inflation data to be released this week.
The broad-market S&P 500 fell 0.61% to 6,052.85, and the tech-heavy Nasdaq fell 0.62% to 19,736.69. gave Dow Jones Industrial Average It closed down 240.59 points or 0.54 percent at 44,401.93.
AI Ringer Nvidia Its shares fell about 2.6 percent after a Chinese regulator’s announcement. Investigating the artificial intelligence chip behemoth for potentially violating the country’s antitrust laws.
Advanced Micro Devicesanother chipmaker, closed 5.6 percent lower, while tech giants Meta platforms And Netflix also struggled.
Bitcoin Prices also retreated. Above $100,000 for the first time Last week, there was a sign that investors were shedding risk assets.
— CNBC’s Sean Conlon and Sarah Mann contributed to this report.