Asian Markets Tumble as Investors Seek Safe Haven Amid Stimulus Disappointment

Stocks in China saw a significant decrease as investors cashed in on prior gains post-stimulus policy announcements that fell short of expectations. Despite this downturn, overall annual gains remain positive. Global markets displayed mixed reactions, with U.S. futures declining and oil prices climbing amid Middle East tensions.

Stocks in China experienced a sharp decline on Wednesday as investors pulled out to secure recent profits, following governmental economic stimulus measures that did not meet high expectations. Shanghai's benchmark dropped 6.6%, while Hong Kong's index fell 1.5%.

Despite the downturn, both the Shanghai Composite and Hong Kong's Hang Seng Index have shown significant annual growth. However, the reaction highlighted investor dissatisfaction with the Chinese government's recent moves to stimulate economic revival, focusing on the property sector.

The broader Asian market presented mixed signals with Japan's Nikkei Index advancing and oil prices rising due to geopolitical tensions in the Middle East. Meanwhile, the U.S. futures market fell, as higher Treasury yields influenced investment decisions.

(With inputs from agencies.)