Asian Markets Rally on Chinese Stimulus Hopes

Asian shares rose following China`s announcement of financial aid to citizens ahead of a national holiday. The aid aims to boost consumer spending. Despite a slight dip in U.S. stocks, positive market sentiment in Asia was fueled by China`s announcement and SK Hynix`s new AI memory chip production. U.S. Treasury yields increased after a decline prompted by low consumer confidence. Stitch Fix and KB Home experienced stock drops following their recent performance reports, despite some positive signs in the housing market.