Asia-Pacific markets dipped on Wednesday, tracking the downturn seen on Wall Street, with Japan’s Nikkei experiencing the biggest losses in the region.
Investors eagerly anticipate potential stimulus measures to boost China’s real estate sector. Especially with the country’s housing minister, who is scheduled to hold a press briefing on Thursday at 10 a.m. local time, as announced by the State Council Information Office.
Ni Hong, the minister of housing and urban-rural development, is set to speak at a press conference alongside officials from the central bank, finance ministry, and the National Financial Regulatory Administration.
Ahead of this briefing, China’s CSI 300 Real Estate Index saw a notable increase, rising by as much as 5.8%, according to LSEG data. Meanwhile, the broader CSI 300 benchmark dipped 0.63%, finishing at 3,831.59.
The Hang Seng Mainland Properties Index climbed around 3.8%, while the overall Hang Seng Index remained flat as trading came to a close.
In his annual policy address, Hong Kong’s chief executive, John Lee, committed to enhancing the government’s focus on improving residents’ livelihoods, including initiatives aimed at reducing wait times for public housing.
| Company | Name | Price | Change |
| Shanghai | SHANGHAI | 3205.95 | 0.09% |
| Nikkei 225 Index | NIKKEI | 38947.01 | -0.6% |
| KOSPI Index | KOSPI | 2605.83 | -0.14% |
| Hang Seng Index | HSI | 20460.86 | 0.86% |
| CNBC 100 ASIA IDX | CNBC 100 | 10298.17 | 0.12% |
| S&P/ASX 200 | ASX 200 | 8338.6 | 0.63% |
Overnight in the U.S., stocks tumbled amid corporate earnings season.
The declines came following a strong session on Monday that sent the S&P 500 and Dow to all-time highs.
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