Asia stocks rise as China signals more stimulus

04:20

More Videos

Albanian students fight for their native language

Emigration: A demographic problem or a threat to economy?

Washington and Beijing: Rivals or partners over Iran? | Inside America

Overbooked | Series | Trailer

Inside Konya, Türkiye’s Historic Heart | Where to Next?

Mining in Serbia’s Bor contributes economy but poses risks to health and nature

Bosnia and Herzegovina confronts Croatia over nuclear waste facility

Sanctioning settlers: EU pressure or political cover? | Bigger Than Five

Konya beyond expectations | Where To Next

Sanctioning settlers: Is it enough? | Bigger Than Five

Asia Pacific

Asia stocks rise as China signals more stimulus

Chinese stocks soared on Tuesday on optimism that Beijing would soon announce a series of measures to bolster its economy. Shares in Hong Kong climbed over 3%, led by real estate stocks after China vowed more support for its ailing property sector. Developer Longfor Group was the biggest gainer on the Hang Seng index, jumping almost 20%, while property management firm Country Graden Services surged more than 17%. It wasn't only property stocks-- Tech names took home their fair share with EV makers gaining more than 10%. Mainland Chinese stocks were also higher, with both the Shenzhen and Shanghai indexes climbing over 2%. This comes after disappointing economic data last week prompted renewed calls for policy support.