China's Support Boosts Asian Stocks

Asian stocks surged, led by Chinese shares, after China announced measures to support its equity markets, including halving the stamp duty on stock trades and lowering margin requirements. Property stocks performed well as Beijing loosened mortgage restrictions. However, China Evergrande Group tumbled over 80% after its shares resumed trading. Optimism over China also helped boost broader Asian markets. Investors are now awaiting key economic indicators, including China's PMI data and U.S. inflation data, for further insights into monetary policy.