Asian equities pared gains Friday as investors awaited the outcome of a key legislature meeting in China that’s expected to unveil policy support to boost flagging growth.
China’s CSI 300 Index gave up an early advance as traders debated whether any measures from the meeting of the Standing Committee of the National People’s Congress, the equivalent of parliament in China, will be enough to counter the threat of higher tariffs under a second Donald Trump presidency.
Elsewhere in the region, Australian and Taiwan shares climbed, supporting a second day of gains for a region-wide equity gauge. That was after the S&P 500 advanced 0.7% and the Nasdaq 100 jumped 1.5% in US trading as the Federal Reserve cut interest rates.
Treasuries and US equity futures were both little changed in Asian trade. Possible measures from China may include support for local government debt and consumer spending, according to Michelle Lam, greater China economist for Societe Generale SA.
