"Asian Stocks Rally as US Inflation Concerns Ease and China Implements Stimulus Measures"

Asian stocks surged as weak US inflation data raised hopes of no more interest rate hikes, while China's central bank injected 600 billion yuan ($82.7 billion) to boost liquidity and encourage lending. Technology stocks led the gains, tracking their US counterparts. Hong Kong's stock index was the best performer, benefiting from strength in heavyweight tech stocks. The People's Bank of China's liquidity injection was accompanied by data showing resilience in the Chinese economy, although some indicators still showed weakness. Japanese shares also rallied despite weaker-than-expected GDP, as it increased hopes for further supportive measures from the Bank of Japan.