Asian Stocks Surge on Tech Rally and Hopes of Lower US Rates

Asian stocks, especially Hong Kong technology shares, rose due to positive earnings reports and hopes of lower US interest rates. This optimism also boosted Asian currencies against the US dollar. Market sentiment improved with receding fears of a US recession and anticipation of potential rate cuts by the Federal Reserve. Investors are closely watching for signals from the upcoming Federal Reserve meeting and central bank meetings in Asia for further direction on monetary policy. Stronger Asian currencies are also expected to influence policy decisions by regional central banks, potentially leading to increased investment in Asian markets.