China's abrupt and ferocious stock market rally has slammed some of the country's biggest hedge funds, forcing them to hastily cover short positions and take losses on their bets in the heavily regulated derivatives market.

A highly anticipated press briefing by China's top economic planner fell short of expectations.

Chinese policymakers rolled out fresh stimulus aimed at boosting the country’s sluggish property sector, though the measures fell short of hopes for more specific liquidity support.

Stocks in Shanghai and Hong Kong slipped on a mixed day for Asian markets Thursday as Chinese traders shrugged at Beijing's latest plan to boost the country's troubled property sector,

Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing's latest plan to boost the country's troubled property sector.