Shares in mainland China tumbled 2.5% as uncertainty over U.S. inflation and rising unemployment benefits weighed heavily on investor sentiment before anticipated stimulus measures from Beijing.
Despite a rebound fueled by optimism over stimulus, the Shanghai SSE Composite saw a significant decline, highlighting the fragility of market confidence amidst conflicting economic signals from the U.S.
The Nikkei 225 rose by 0.57%, driven by strong performance in the financial sector, particularly from Uniqlo's parent company, which reported better-than-expected year-end profits.
European markets remained relatively stable but dipped slightly as traders processed mixed U.S. economic indicators while awaiting direction from China's upcoming stimulus briefing.
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