China stocks decline amid economic recovery disappointment, while other markets in Asia rise

Shares in China have slumped as details of economic stimulus plans from officials in Beijing failed to meet investors’ expectations, while other markets in Asia are higher. The Hang Seng Index fell by 2.4%, and the Shanghai Composite lost 5.1%. Shares in Japanese retailer Seven & i Holdings soared more than 10% after media reported that Alimentation Couche-Tard had increased its takeover bid by about 20%. South Korea’s markets were closed for a public holiday. On Tuesday, the S&P 500 rose 1% and clawed back all of its loss from the day before. The Dow Jones Industrial Average added 0.3%, while the Nasdaq composite climbed 1.4% as Big Tech stocks led the way.Read More