Asian Markets Await China Policy Meeting as CSI 300 Stalls, 302 Billion Yuan ETF Outflows Highlight Skepticism

Asian markets are set to open mostly higher as investors await a significant policy meeting in China. However, skepticism is prevalent in Chinese markets, with a recent stock rally losing momentum and low expectations for substantial economic stimulus from the meeting. The CSI 300 index has stalled, reflecting investor doubts about the effectiveness of the promised 2025 stimulus measures. Additionally, there have been notable outflows from exchange-traded funds (ETFs), totaling 302 billion yuan, indicating weak demand in the real economy. Overall, while investors are looking for positive signals from Beijing, caution remains dominant as they navigate through mixed market conditions.