Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,

US stocks struggled on Friday to pick up on the recent rally as investors filtered through the latest batch of earnings and weighed Donald Trump's hints at a softer stance on China tariffs. President Trump's call at Davos for cuts to US interest rates,

State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.

China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.

State-owned insurers and mutual funds are expected to play a pivotal role in the process of stabilizing the stock market.

Beijing is seeing diminishing returns on repeated attempts to reinvigorate the market, as investors worry about harder-to-control economic fundamentals, like weak consumer spending and the prolonged property crunch.

China has introduced a series of measures to stabilize its stock markets amid economic uncertainty and rising tensions with the US. The central government issued a directive to increase the amount pension funds can invest in listed companies and encourage firms to increase share repurchases.