© Reuters.
Investing.com– Most Asian stocks rose on Monday, tracking a rebound in Chinese markets on the promise of more government stimulus measures, while Japan’s Nikkei 225 briefly hit an over 30-year high.
But gains were still limited in anticipation of more cues from the Federal Reserve this week, while technology stocks were on edge as markets awaited key quarterly earnings from NVIDIA Corporation (NASDAQ:) on Tuesday.
An interest rate decision in China appeared to have provided few cues to markets, as the People’s Bank of China kept its near record lows, as widely expected. The PBOC also injected about 80 billion yuan of liquidity into markets.
But Chinese stocks were supported by a rebound in property stocks, after Chinese regulators vowed to provide more policy support to the beleaguered real estate sector.
China’s and trimmed a bulk of early losses to rise 0.5% each, while Hong Kong’s surged 1.6%, rebounding from two days of steep losses.
Australia’s rose 0.2%, supported by some strength in commodity stocks. Focus was now on the of the Reserve Bank of Australia’s November meeting for more cues on monetary policy, after the bank raised…
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