Stocks pare losses on hopes of supportive policies

Equities pared losses on the A-share market on Wednesday even as most of the other Asian bourses exhibited a mixed trend on concerns about the ongoing trade dispute between China and the United States.

Though the benchmark indexes in Shanghai and Shenzhen had fallen sharply on Monday after US President Donald Trump threatened to increase tariffs on Chinese imports, sentiment improved on reports of further supportive policies and better economic indicators for April.

Japan's Nikkei 225 index declined 1.46 percent on Wednesday, the third consecutive daily decrease after the US announcement, while the KOSPI index in the Republic of Korea slipped by 0.41 percent.