Stocks dust off China uncertainty

Emerging market stocks dusted off uncertainty in China and hit 11-month highs as the mainland experienced a steep decline in shares amid fear of an impending regulatory crackdown.

While stocks reached highs, markets are still eagerly anticipating the outcome of the US Federal Reserve meeting as well as that of the Bank of Japan.

Ahead of their upcoming meeting on Friday, the Bank of Japan announced it would add a fresh round of economic stimulus to ease the country's policy.

The MSCI Emerging Markets Index is up 0.3 per cent while Shanghai shares plunged 2 per cent after officials met in Beijing to discuss asset bubbles.

Read more at Reuters.