Asian stocks rise as tech boost offsets Fed jitters; China leads

Investing.com-- Most Asian stocks rose on Monday as technology shares tracked strong gains in their Wall Street peers, while Chinese markets advanced after the government further loosened some restrictions on the property market.

Tech was the best performer for the day, tracking a strong session on Wall Street on Friday following blowout earnings from Microsoft Corporation (NASDAQ: The move was aimed at bolstering the property market, which is grappling with a three-year slump and has been a key pressure point for the Chinese economy.A string of key Chinese company earnings are also on tap this week, particularly from China’s biggest state-owned banks and oil and gas firms.was the best performer in Asia, rising 1.7% on gains in technology and property stocks.

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Asian stocks rise as tech boost offsets rate jitters; China leadsAsian stocks rise as tech boost offsets rate jitters; China leads
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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. Oil prices fell while U.S. futures advanced. Shares fell in Shanghai after China's central bank left its 1 and 5-year lending rates unchanged.
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