"China's Policy Pledges Spark Sharp Rebound in Asian Shares"

Asian shares rebounded as investors reacted positively to China's commitment to provide more support for its struggling economy. The MSCI Asia-Pacific index outside Japan rose 1.5%, while the Shanghai Composite Index and Hang Seng surged 1.9% and 3% respectively. Hong Kong's property sector saw significant buying, with Country Garden and Longfor experiencing notable gains. The Chinese yuan strengthened against the dollar, and the dollar index dipped slightly. Earnings reports from major companies and central bank meetings are anticipated this week, with expectations of rate hikes from the Federal Reserve and European Central Bank. The euro recovered from a two-week low, and the Japanese yen remained steady. U.S. crude and gold prices increased, while wheat futures reached a five-month high due to concerns over global supplies and food security.