From Investing.com: 2024-04-28 23:10:06

Asian stocks rose on Monday, led by tech shares and Chinese markets, which advanced after easing property restrictions. Investors shrugged off fears of higher U.S. rates after strong inflation data. However, anticipation of the upcoming Federal Reserve meeting is likely to limit gains in the region.

Chinese stocks saw a boost on property news and await key PMI data for April. The Chinese government’s measures to loosen home purchase restrictions in major cities aim to support the struggling property market, a key economic pressure point in the country.

Tech stocks surged on Wall Street earnings, particularly from Microsoft and Alphabet, spurring hopes for continued AI demand. Asian markets, including Hong Kong and South Korea, saw gains in tech and property sectors. Australian and Indian stocks also advanced, while Japanese markets were closed for a holiday.



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