Asian Stock Markets Rise Excluding China: Tech Stocks and Fed Hints Drive Momentum

Asian stock markets are showing positive momentum, excluding China, amid softer-than-expected U.S. inflation data easing concerns over a Fed rate hike and strong gains in technology stocks. The Nikkei 225 and Hang Seng Indexes rose by 0.5-1.2%, while China's Shanghai Composite Index fell by 0.3%. These moves reflect investor optimism about the resilience of tech companies amid slowing U.S. economic growth. The decline in China's markets was seen as a cautious response to perceived local risks. The developments underscore the complex interplay between U.S. and Chinese economic dynamics in the global markets.