OVERNIGHT

China has some big problems and two of them are industrial over production and a glut of property. Despite recent government efforts, investors appear unconvinced that their government's latest move will solve them.

In overnight trading the WSJ reports most Asian stock indexes fell with few exceptions.

Shares in China fell Tuesday as investors met Beijing’s latest efforts to boost its economy with skepticism.

The Shanghai Composite Index fell 0.5% to 3623.56, although it remains at its highest levels in almost a month. Analysts say they are unconvinced about the feasibility of Beijing’s latest economic blueprint after an annual economic conference wrapped up Monday.

Japan’s Nikkei Stock Average was down 0.1%. The benchmark was lower for the third-straight day, bringing its losses to about 3% since the Bank of Japan announced adjustments to its easing program last Friday.

Hong Kong’s Hang Seng Index was down 0.1%, while Australia’s S&P/ASX 200 was flat and South Korea’s Kospi fell 0.1%.

A communiqué of the Central Economic Work Conference, released by China’s official Xinhua News Agency Monday, showed that Chinese leaders next year aim to tackle long-term problems haunting the world’s No. 2 economy, such as persistent industrial overcapacity and a property glut.