Market Reactions to Underwhelming Chinese Stimulus

Hong Kong's Hang Seng index led declines in Asian markets after China's latest stimulus measures fell short of expectations. Despite support from Wall Street, investors remained disappointed with the lack of direct economic boost. Bitcoin hit a record high amid speculation of favorable U.S. regulatory changes.

Asian stock markets faced notable declines on Monday, with Hong Kong's Hang Seng index falling 1.9% after China's stimulus measures failed to meet investor expectations. The stimulus aimed to ease local government debt but lacked immediate economic boost.

Despite Wall Street's recent record highs, investor sentiment remained restrained, overshadowed by uncertainty over U.S. regulatory changes and interest rate outlook.

Bitcoin surged to a new all-time high, driven by anticipated pro-crypto policies under Donald Trump's second term in the U.S., boosting hopes of a light-touch regulatory environment.

(With inputs from agencies.)