HONG KONG: Asian stocks stumbled on Wednesday, as more disappointing Chinese economic data and the absence of meaningful stimulus from Beijing continued to weigh on investor sentiment. Europe is poised to open lower for another day with FTSE futures down 0.15% at 0527 GMT. E-mini futures for the S&P 500 index were largely flat. MSCI's gauge of Asia Pacific stocks outside Japan widened losses to decline 1.17% to an 11-week low. China's new home prices fell for the first time this year in July, data showed Wednesday, the latest in a string of downbeat numbers that point to a rapid loss in economic momentum and underline the urgency for more bolder policy support to shore up activity.

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