Asia stocks rally on Chinese stimulus hopes and steady RBA rates

From Investing.com: 2024-12-09 22:04:40

Most Asian stocks rose on Tuesday as Chinese shares surged on hopes of more stimulus measures. The Reserve Bank of Australia kept interest rates unchanged. China plans fiscal stimulus and looser monetary policies for 2025. U.S. stock futures were flat ahead of key inflation data. South Korea stocks rebounded after a political crisis.

Asian markets were optimistic about Chinese stimulus, with China and Hong Kong shares rallying. Japan and South Korea also showed positive movement. Australia’s RBA held rates steady at 4.35% despite weak growth. Miners in Australia surged on China stimulus news, while tech shares fell. Key inflation data is awaited.



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