© Reuters.
Investing.com– Most Asian stocks retreated on Friday as a stimulus-driven rebound in Chinese shares stalled, while Japan’s Nikkei 225 slid further away from 34-year highs as growing bets on a Bank of Japan pivot spurred more profit-taking.
Caution before data due later in the day, and an upcoming next week also kept investors on edge over risk-driven assets. This saw regional markets largely shrug off positive cues from a .
Chinese stock rebound cools, PMIs in sight
A rebound rally in Chinese markets appeared to have run out of steam, with the and indexes falling slightly on Friday. The two rebounded sharply from five and four-year lows this week after the People’s Bank of China unexpectedly cut its reserve requirement ratio for local banks, freeing up about 2 trillion yuan ($140 billion) in liquidity.
The two Chinese benchmarks were set to add more than…
