Asia stocks sputter as focus shifts to China stimulus
Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.
U.S. Treasury yields pushed to new lows in Asian hours, keeping the dollar under pressure after its biggest decline versus major peers in more than six weeks on Thursday.
An MSCI gauge of Asia-Pacific stocks was up 0.33% as of 0552 GMT, after earlier rising as much as 0.78%.
The index remained on track for a 2.7% rally this week, after quickly recovering from a knee-jerk dip on U.S. election night, which spurred worries of debilitating trade tariffs, not least in China.
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