Asia stocks rebound as investors assess Powell's comments; Hong Kong, China and Taiwan markets closed

Powell said it would take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.

For the first two months of 2024, it was provisionally estimated that total retail sales increased by 1.4%, compared with the same period in 2023.A Tesla short-seller has named two auto stocks that he believes have the potential to deliver 100% upside to investors.The hedge fund manager said that the"Tesla bubble" had created what he called an"anti-bubble" in the auto sector, causing investors to be overly bearish on companies that are actually performing well.

"The stock, despite this performance today, is only down like 4.5%, which makes me think that expectations are already really low," Tom Narayan from RBC Capital Markets told CNBC's"Squawk Box Asia" on April. 3.The equity starting October 2023 was initially led by mega-cap tech stocks. However, HSBC Global Research says March's performance indicates the gains may be diversifying.

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