Oct 15,V7N- Asian stocks mostly rose on Tuesday, buoyed by strong gains on Wall Street and optimism about corporate earnings, though Chinese markets lagged due to a lack of fresh economic stimulus from Beijing. Japan's Nikkei surged 1% to reach a three-week high after reopening following a holiday, while MSCI's broad Asia-Pacific index saw a 0.2% gain. Taiwan and Australia contributed to the upward trend, but China’s blue-chip index fell 0.4%, and Hong Kong’s Hang Seng slipped 0.3%, reflecting investor disappointment with limited policy details from China.

Reports suggested Beijing may raise 6 trillion yuan ($850 billion) in Treasury bonds over three years to support economic recovery, but the absence of concrete measures dampened market sentiment. Meanwhile, analysts at BlackRock signaled a cautiously optimistic outlook, noting China's depressed valuations and potential policy catalysts while maintaining a preference for U.S. stocks, especially in AI-driven sectors.

In the U.S., the S&P 500 and Dow hit record highs, spurred by strong earnings from major banks like JP Morgan and Wells Fargo, along with a 2.4% rise in Nvidia's stock. Earnings results from other major financial players, including Citi, Bank of America, and Goldman Sachs, are due on Tuesday, adding to the optimism.

In the currency markets, the dollar eased slightly, pulling back from a recent high against the yen, as the Federal Reserve signaled a smaller rate cut of 25 basis points in November. Oil prices extended their declines, dropping 2.9% as concerns over Israeli strikes on Iranian military targets calmed. Brent crude fell to $75.22 a barrel, reflecting lower demand concerns. Gold was down 0.1%, trading at $2,648.57 per ounce.

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