Equity markets in Asia faltered on Wednesday, amid losses in South Korea and wor...
SHANGHAI - Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing.
Chinese equities also dropped after early gains, pushing the blue-chip CSI300 index down 0.9 percent and extending losses for the week driven by concerns that Beijing may slow the pace of policy easing following stronger-than-expected first-quarter economic growth. The Dow Jones Industrial Average rose 0.52 percent to 26,647.97, the S&P 500 gained 0.91 percent to 2,934.31 and the Nasdaq Composite added 1.35 percent to 8,123.25.
Equity market gains had been bolstered on Tuesday by rising energy shares after Brent crude, the global benchmark, hit its highest level since Nov. 1.
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