China stocks were mixed Tuesday amid broader gains in Asia-Pacific markets, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data.
Sentiment was boosted by Beijing's announcement of "more proactive" fiscal measures and "moderately" looser monetary policy next year as part of efforts to boost domestic consumption.
Mainland China's CSI 300 index rose 0.74%, paring earlier gains and closing at 3,995.64, while Hong Kong's Hang Seng index was down 0.2% as of its final hour.
News of the measures, which came from an official readout late Monday after mainland China market had closed, had sent the Hang Seng index nearly 3% higher that evening.
South Korea's benchmark Kospi gained 2.43% and led gains in the region, closing at 2,417.84 and marking its best day in almost three months.
Persons:
Hong, Yonhap, Lee Jae Myung, Australia's
Organizations:
Nasdaq, China's CSI, Reserve Bank of Australia
Locations:
Lujiazui, Shanghai, China, Asia, Pacific, Korean