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Asian stocks rise as China shares push higher on stimulus hopes By Investing.com

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Asian stocks rise as China shares push higher on stimulus hopes

State media reports said that the People's Bank of China could potentially cut its reserve ratio requirements sooner than expected, providing local markets with more liquidity. Chinese officials also talked up potential fiscal support for the economy.

Beijing had over the weekend said it will halve the stamp duty collected on stock trading in the country, as part of broader measures aimed at helping local equities. The measures helped trigger sharp gains in local stocks. data from the country, due on Thursday and Friday. The readings are expected to offer more cues on a slowing economic recovery in the country, with analysts expecting this week’s readings to show little improvement.

 

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