Asian equities were mixed overnight as Hong Kong, Mainland China, Thailand, and South Korea all underperformed while Taiwan was closed.

China has introduced a series of measures to stabilize its stock markets amid economic uncertainty and rising tensions with the US. The central government issued a directive to increase the amount pension funds can invest in listed companies and encourage firms to increase share repurchases.

China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.