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

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Hong Kong, China and Taiwan markets are closed for a public holiday, while investors will assess March PMI numbers from India.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyPowell said it would take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.

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.

One global autos analyst, however, sees opportunities in investing in Tesla, particularly in the longer term. "Over the past month, the S&P on an equal weighted basis outperformed the overall index, suggesting a broadening of the equity rally, which we expect to widen further as a soft landing materializes," strategist Nicole Inui wrote in a Tuesday note.

 

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