GLOBAL MARKETS-China's Runaway Rally Stutters on Stimulus Uncertainty

GLOBAL MARKET - SINGAPORE. Chinese shares slumped and commodities were struggling to find a footing on Wednesday as investors tempered expectations for a robust Chinese economic recovery, while a downbeat outlook from New Zealand's central bank sent the kiwi to a seven-week low.

The Shanghai Composite and blue-chip CSI300 nursed losses of around 4% in afternoon trade, paring much larger falls when the finance ministry called a press conference on fiscal policy and raised expectations of stimulus.