"Asia Leads Global Stock Surge as China Lags Behind"

Asian stocks rose with Japanese shares leading gains fueled by hype over AI and tech sector optimism, while Chinese markets continued to decline amid fears of a slowing economic recovery. Japanese stocks surged, with the Nikkei hitting a new 34-year high, driven by tech gains and expectations of a dovish BOJ. Asian tech sector buoyed by positive outlook for 2024 from TSMC and AI-fueled demand, countering concerns over higher interest rates. Chinese stocks lagged due to worries about a slowing economic recovery, with the PBOC keeping its benchmark rate on hold. Indian markets were closed for a special holiday, and traders were cautious about potential communal violence related to the inauguration of a temple.