From Investing.com: 2024-04-28 23:00:30

Asian stocks rallied on Monday with Chinese markets leading the way after the government eased property market restrictions. Tech stocks surged following strong Wall Street gains fueled by impressive earnings from Microsoft and Alphabet. Despite looming fears of U.S. rate hikes, markets remained optimistic ahead of the Federal Reserve meeting.

Chinese stocks outperformed regional peers, driven by property sector news and anticipation of key economic data. The government’s move to relax home purchase restrictions aims to boost the struggling property market. This development comes ahead of crucial company earnings reports and economic indicators for April.

Tech stocks in Asia also saw gains, with South Korea and Taiwan indexes rising on chipmaker strength. Hong Kong’s market surged, nearing bull market territory. Overall, markets in the region advanced, with Australia and India showing positive signs. Japanese markets were closed for a holiday.



Read more at Investing.com: Asian stocks rise as tech boost offsets Fed jitters; China leads By Investing.com