• Chinese shares rose after policymakers took more steps to revive investor confidence, defying broader weakness in Asia following a tech-led retreat on Wall Street.
• A gauge of Hong Kong-listed Chinese firms jumped as much as 3.2%, while the CSI 300 Index of mainland shares reversed early losses to rise 1.8%. Property stocks led the gains after Chinese banks ramped up funding help for the troubled sector. Meantime, the country’s two bourses vowed to tighten supervision of quantitative trading after imposing a freeze on a major fund’s accounts.
• Elsewhere in Asia, stocks dropped from Japan to South Korea and Australia, after the Nasdaq 100 fell almost 1% and the S&P 500 slid below 5,000 Tuesday. The focus is on chipmaker Nvidia Corp.’s earnings and the Federal Reserve’s latest policy meeting minutes due later Wednesday.