Asian Markets Tumble Amid Disappointing Chinese Stimulus

Asia-Pacific markets declined as China's new 10 trillion yuan stimulus package and lower-than-expected inflation figures failed to boost confidence in its economic recovery. The Hang Seng index fell 2.5%, and the CSI 300 dropped 1%, reflecting concerns over China's growth prospects. Meanwhile, Japan's BOJ indicated a potential rate hike by 2025, and U.S. markets reached new highs following Donald Trump's election win. Bitcoin and Coinbase saw significant gains, with the latter heading for its best week since January 2023.