Asia markets gains; Hong Kong soars on AI hype, China stimulus cheer

Asia-Pacific markets rise on Tuesday, tracking Wall Street higher as softer-than-expected US retail sales data eased recession concerns and following China’s stimulus plans and strong economic data.

Meanwhile, US-listed Chinese stocks surged overnight on renewed optimism, with standout performances from: Alibaba (4.6%), Baidu (9%), PDD Holdings (5.2%), JD.com (4.8%) and XPENG (3.5%).