Asian stocks rise with BOJ in focus; China rebounds on stimulus hopes

Investing.com-- Most Asian stocks rose on Wednesday with Chinese markets rebounding from five-month lows as middling economic data fueled bets on more stimulus measures, with focus now turning to a Bank of Japan meeting.

Regional markets brushed off a weak overnight close on Wall Street, with U.S. stock indexes closing lower in anticipation of a Federal Reserve interest But the reading ramped up bets that Beijing will be forced into unlocking more stimulus measures, especially after the government presented a supportive stance during the Politburo meeting on Tuesday.

Reduced QE presents less liquidity for Japanese markets, which could undermine more strength in local stocks.Tech stocks- particularly chipmakers, rose tracking strong earnings from AMD, which beat expectations and forecast strong revenue growth on demand from artificial intelligence.

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