Asian Stocks Rally on Tech Surge, Weakening Dollar Amid Easing Recession Fears

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. However, some analysts believe this positive trend might be short-lived, with investors potentially selling once rate cuts are confirmed. Focus this week will be on central bank meetings in Asia for signs of policy easing and the US jobs report for clues on the health of the US economy. Improved risk sentiment and stronger Asian currencies are expected to encourage further investment in the region.