Asian stocks rose for a second day as a Fed official hinted at rate cuts. Tech shares surged after Palantir reported a 50% jump in sales for Q2. The dollar remained weak, gold held steady, and oil prices fell due to oversupply concerns. Chinese and Hong Kong markets gained on strong services activity data. Japanese markets also advanced, with the Nikkei up 0.64%. BOJ hinted at possible rate hikes if trade tensions ease. Australian markets hit record highs on bets for rate cuts. U.S. stocks rebounded, with the S&P 500 up 1.5% on optimism about rate cuts.

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