Asian stocks Most stocks advanced, with Chinese stocks losing ground after rising earlier on news of a new rescue package for the market. The yen fell after the Bank of Japan halted its policy.
A gauge of Chinese companies listed in Hong Kong trimmed its gains to 2.7% after rising as much as 3.8% earlier, following a Bloomberg News report that authorities were seeking to mobilize about 2 trillion yuan ($278 billion), mainly from offshore accounts. For Chinese companies. Chinese state-owned enterprises, as part of the stabilization fund to buy domestic stocks. Policymakers also allocated at least 300 billion yuan of local funds to invest in local stocks.