(Bloomberg) — Chinese stocks fell, underperforming their Asian peers as caution grows ahead of a key weekend briefing that may shed more light on Beijing’s fiscal stimulus.
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The CSI 300 Index dropped as much as 2.4%, reversing Thursday’s gains. Elsewhere in Asia, shares rose in Japan and South Korea, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move. Equities slipped in Australia.
All eyes are on a Saturday briefing, where China’s finance minister will likely announce more support measures to revive a slowing economy. Investors and analysts expect Beijing to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as authorities seek to boost growth and restore confidence.
The declines in Chinese stocks partly reflect “the risk of another…
