Asian markets fail to build on rally with eye on China policy

Traders were keeping tabs on talks in Beijing betwee US Secretary of State Antony Blinken (left) and China's top envoy Wang Yi as they look to ease tensions between the superpowers.

HONG KONG: Markets saw a limp start Monday as traders turned more cautious after last week's rally, with eyes on China as speculation grows that officials will unveil a raft of economic stimulus measures.

The Federal Reserve's decision to pause its rate hikes and Beijing's cut in borrowing costs provided a much-needed boost to sentiment, helping push equities higher last week.