With Trump's second term now secured, traders have shifted their focus to China's anticipated policy responses, particularly concerning stimulus measures to boost the economy.
The disappointment from traders came as China's National People's Congress Standing Committee failed to announce significant demand-side initiatives to counteract potential economic headwinds.
Following the NPC meeting, the CN50 and Hang Seng Index experienced significant sell-offs, with declines of 5.4% and 4.9%, reflecting thin support levels.
The fall of the Hang Seng Index below the critical 20,000 mark, following a substantial pullback, signifies a challenging environment for traders, invoking technical analysis focus.
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