(Bloomberg) — US and Europen stock futures fell while Asian benchmarks were mixed Tuesday as China’s new targets and measures to build confidence in its economy received a lukewarm response from investors.
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Contracts for the S&P 500 fell about 0.3%, while those tied to the Nasdaq 100 dropped 0.5%, extending overnight losses in both benchmarks. European equity futures also edged lower.
In Asia, mainland China benchmarks were slightly higher in whipsawing trade while Hong Kong’s Hang Seng Index fell, weighed down by technology stocks. Elsewhere in the region, Japanese shares climbed, while Australian and South Korean indexes retreated.
A slew of announcements from China’s National People’s Congress included a 5% economic growth target, 5.5% urban unemployment goal and 3% inflation target, and steps to support the economy hampered by a property slump and entrenched deflation. The CSI 300 Index swung between…
