Stock market today: Asia stocks mixed after Wall Street slumps to worst day in weeks [Video]

BEIJING – Asian stocks were mixed on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks.

U.S. futures and oil prices rose.

Japan’s Nikkei 225 index was virtually flat at 40,090.78.

Hong Kong’s benchmark rebounded 1.4% to 16,385.90 ahead of reports by top Chinese economic officials on the sidelines of the annual session of the country’s ceremonial legislature. It had fallen 2.6% a day before, after China’s premier said the country’s target for economic growth this year is around 5% and outlined plans for only modest stimulus to spur spending and investment.

The Shanghai Composite index fell 0.2% to 3,040.82.

Meetings on Wednesday may provide more details on the government plans to stimulate China’s economy as its growth slows.

“While China is selling economic resilience, if not, rejuvenation, no one is buying as yet. Of concern is the frugality of stimulus measures and signals embedded in the NPC,” Tan Boon Heng of Mizuho Securities said in a commentary.

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