Chinese shares drop on stimulus upset, Asia tracks Wall St higher [Video]

Stocks in mainland China and Hong Kong fell Wednesday in a volatile start a day after Beijing left investors disappointed over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.

After blockbuster performances in the wake of last month’s announcements to kickstart growth, traders were left deflated Tuesday after a news conference that fell short of expectations and revived worries about the outlook.

A rally on Wall Street, helped by a plunge in oil prices and optimism over the US economy, did little to lift sentiment on Chinese trading floors, though most other markets in Asia enjoyed gains.

Investors are now keeping tabs on developments out of Beijing, hoping for more indications about officials’ plans, though analysts warn there is unlikely to be the big “bazooka” stimulus akin to the support seen during the global financial crisis.

Shehzad Qazi at …