Chinese Stocks Slump as Investors Underwhelmed by Lack of Stimulus

Chinese stocks fell behind the overall market rally during a weeklong holiday closure. Investors were hoping for significant economic stimulus from Beijing, but were disappointed by the limited measures announced. While Chinese officials expressed confidence in reaching economic goals and hinted at future support, the lack of concrete action led to a sell-off in Hong Kong and tempered gains in mainland markets. This cautious approach by policymakers, focusing on long-term solutions rather than immediate boosts, has created uncertainty and volatility for investors.