Asian Stocks Surge on US Economic Optimism and China Stimulus Hopes

Asian stocks rose due to positive US economic data and expectations of increased economic stimulus in China. Investors are becoming less certain about significant Federal Reserve interest rate cuts, leading to higher US bond yields and a weaker dollar against some Asian currencies. While some analysts are optimistic about the Chinese stock market rebound, others remain cautious, citing concerns about overvaluation and the need for broader economic reforms to ensure sustainable growth. There`s particular emphasis on the need for China to address its struggling housing market and boost private consumption.