China Stimulus Fuels Global Market Surge

Asian stocks rose as China`s new stimulus measures and positive US economic signs boosted market confidence. China`s commitment to fiscal support and stabilizing its property market led to the CSI 300 Index`s best week since 2008. This comes as investors anticipate further stimulus from China, building on this week`s reserve requirement cuts for banks. Positive US economic data and the possibility of Sanae Takaichi, who supports a weak yen, becoming Japan`s next leader also contributed to the optimistic market sentiment. However, Chinese bonds fell as investors shifted towards riskier assets.