Asian stocks pause rally as investors weigh China data, reversing Fed

• Bullish hopes are evaporating on all fronts, and Asian markets are pausing this week's rally.
• US-China trade talks, China CPI/PPI figures, and a softening Federal Reserve are all giving investors plenty to worry about.

Asian stock markets have halted this week's rally on bad China data, with a dovish FOMC pushing equity markets back off of their bullish stances. US-China trade talks finished up with little concrete details on the offering, and investors' hopes of progress have given little return.

While the Pacific sector has slowed the bullish pace, Japanese equities are notably off-balance, with the Nikkei 225 index down -1.30% and Tokyo's Topix index retreating -0.85%. In China, sentiment is markedly better despite Chinese CPI/PPI figures missing the mark early today, and Hong Kong's Hang Seng index is middling at 0.05% with Shanghai's CSI 300 up a scant 0.15%, and Aussie markets are keeping pace with China, the ASX 200 lifting a soft 0.30%; emerging markets are notably bullish despite refreshed dovish Fed musings, with the MSCI broad Asia-Pacific index gaining a firm 1.75% for Thursday.

Nikkei 225 Technical Levels