China Stocks Slump on Disappointing Stimulus, Asian Markets Mixed

Asian markets reacted diversely to China`s newly released economic stimulus plans, which fell short of investor expectations. While Hong Kong and mainland Chinese markets experienced significant drops, other Asian markets, including Tokyo and Sydney, saw modest gains. Market analysts expressed disappointment with the announced measures, deeming them insufficient to bolster the Chinese economy. Meanwhile, Japan`s political landscape is shifting as the parliament dissolves in preparation for a general election, with newly appointed Prime Minister Shigeru Ishiba seeking to solidify his position. In the U.S., despite rising Treasury yields, which typically dampen stock market enthusiasm, major indices closed higher, indicating continued confidence in the American economy.