Stocks struggle as China stimulus boost fades
Mainland Chinese blue chips gained 1.5%, adding to a 4.3% jump in the prior session. Hong Kong's Hang Seng climbed 0.7%, adding to Tuesday's 4.1% surge. While market players welcomed the stimulus, some analysts say the PBOC's policy weapons don't have the key enemy to economic growth in their line of sight: persistently weak consumer demand.