Asian Stocks Surge on Chinese Stimulus, Hong Kong Property Rally

Asian stock markets generally rose on Friday, boosted by China`s economic stimulus measures and positive economic news from Japan. China`s central bank`s decision to reduce bank reserve requirements spurred gains in Hong Kong and mainland Chinese markets. Despite a technical glitch on the Shanghai exchange, the Hang Seng index in Hong Kong saw a significant increase. Meanwhile, Japan`s Nikkei index climbed as investors anticipated the outcome of the ruling party`s leadership election and reacted to encouraging inflation data. While some Asian markets experienced modest gains or slight declines, the overall sentiment remained positive.