RE:China's stimulus effect still in question. "While market players welcomed the stimulus, some analysts say the PBOC's policy weapons don't have the key enemy to economic growth in their line of sight: persistently weak consumer demand.
"It's still short of that necessary to really handle the broad imbalances of the dampening down of domestic demand in China," Lombard Odier's Chaar said of the measures.
The strong start for Chinese stocks briefly invigorated other regional indexes, but those gains soon fizzled. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3%.
"The debate remains intense on whether there are legs to this rally …”
Stocks slip as China buoyed by stimulus rally (yahoo.com)