A broad rally lifted benchmark indexes in Tokyo ahead of a raft of economic data later in the week. The Chinese securities regulator banned lending against restricted stocks of companies listed on the mainland. A Hong Kong court ordered the liquidation of the troubled property developer, China Evergrande.
Stocks advanced for the third day in a row in China on hopes that the government is preparing to announce targeted stimulus measures soon. GDP growth in South Korea slowed after rebounding in the previous two years. Tesla suppliers across Asia fell after the electric vehicle maker estimated a decline in 2024 sales volume.