Asian stocks rise on China stimulus and tech sector strength, driven by supportive measures and earnings

From Investing.com: 2024-05-19 23:17:08

Most Asian stocks rose on Monday as markets welcomed stimulus measures in China, with tech-heavy indexes also advancing. Chinese stocks hit 2024 peaks following supportive measures, but gains were limited due to weak economic readings and fears of a renewed trade war with the U.S. Nvidia’s upcoming earnings drove tech sector optimism.

Investors are focused on Fed cues and earnings this week as markets await further monetary policy decisions. Japanese, South Korean, and Hong Kong indexes saw gains, with tech stocks surging ahead of Nvidia’s earnings. Other sectors like mining in Australia and GDP growth in Thailand also contributed to the market momentum.



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