Chinese stocks saw a significant rebound, with the CSI 300 Index closing 1.7% higher, which was its largest gain in three weeks. The surge was driven by speculation surrounding an upcoming economic meeting in December, where additional stimulus measures are expected to be introduced.
The rally was led by tech stocks, indicating a broader risk-on sentiment in the market. In Hong Kong, a gauge of Chinese stocks also experienced a notable increase, rising 2.6% as investors reacted positively to the potential for government intervention to support the economy.