Asian Stocks Rebound as Investors Analyze Rate Decisions and Rising Yields

Hong Kong stocks led gains in Asia-Pacific markets as investors assessed the rate decisions in South Korea and Indonesia. South Korea's central bank left rates unchanged at 3.5%, while Indonesia is expected to hold its benchmark policy rate steady at 5.75%. Hong Kong's Hang Seng index climbed 2.23%, and mainland Chinese markets also saw gains. In other news, Qantas announced a record profit of $1.6 billion, India is set to ban sugar exports due to lower cane yields, and Morgan Stanley revealed its favorite global stocks to play the artificial intelligence trend.