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Asian stocks rise on China stimulus cheer, tech strength

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Asian stocks rise on China stimulus cheer, tech strength

Investing.com-- Most Asian stocks rose on Monday as markets welcomed stimulus measures in China, while technology-heavy indexes also advanced as investors bought into the sector ahead of key earnings this week.

Beijing had rolled out a string of supportive measures for the economy- specifically the property market last week, as it moved to shore up a sluggish economic recovery. But gains in Chinese markets were limited, especially after middling economic readings for April. Retail spending and capital investment in the country still remained weak, likely necessitating more stimulus measures from Beijing.Nvidia is seen as a bellwether for the tech industry, especially given its growing exposure to the AI industry over the past year. The firm had effectively led an AI-driven spike in valuations across the tech sector.

 

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