Asian Markets Dip Amid Underwhelming China Stimulus and Ongoing Deflation
Asian stocks fell on Monday as China's new fiscal stimulus measures failed to impress investors, with ongoing deflation concerns in the country. Chinese markets saw declines, with the National People's Congress announcing a debt swap program that lacked direct fiscal stimulus. Japanese stocks were also pressured by uncertainty over future interest rate hikes by the Bank of Japan. Broader Asian markets, including Australia and South Korea, retreated due to China's economic weakness, while Indian markets remained flat amid foreign capital outflows.