Asian stocks rise as rate cuts come back into focus, China pops

Investing.com-- Most Asian stocks rose on Monday, tracking strength in Wall Street as weak payrolls data sparked a resurgence in rate cut expectations, while Chinese markets returned from a long weekend with standout gains.U.S. stock index futures rose mildly in Asian trade after a strong session on Friday, with markets now awaiting addresses from several key Federal Reserve officials this week for more cues on interest rates.indexes rose 1.6% and 1.

Markets were also reacting to news from last week that Beijing had loosened strict home owning restrictions in the property market- a move that is expected to boost the beleaguered sector.Chinese stocks marked a strong recovery from five-year lows hit in February, amid some optimism that economic growth will pick up in the country. Beijing has largely kept up its monetary stimulus measures, while also loosening restrictions on several industries to boost growth.

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Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
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