Asian stocks fall after six-day streak of gains: Markets Wrap

News Snapshot:

(Bloomberg) — Asian shares declined on Friday, as optimism over China’s rescue measures faded and investors parsed weak results from Intel Corp. Most Read from Bloomberg Shares in mainland China and Hong Kong dropped after the biggest three-day rally since 2022. Morgan Stanley cut its targets for major Chinese stock indexes, saying the country’s challenges with debt, demographics and deflation are among hurdles to further equity gains. The selling of Hong Kong stocks extended in the afternoon, with companies including WuXi Biologics Cayman Inc. and WuXi Apptec leading losses. Traders cited the proposal of a bill by some US lawmakers...