Asian stock markets experienced a significant rebound following recent steep losses, with Chinese shares leading the gains on the back of strong Purchasing Managers’ Index (PMI) data. The upward trend in Asia was further supported by a rally on Wall Street and encouraging factory activity figures from China. Mainland investors are increasingly influencing Hong Kong stocks, highlighting the growing economic interdependence within the region. Most Asian markets traded higher, bolstered by positive sentiment. In a notable development, Hong Kong’s Hang Seng index surged as local authorities committed to transforming the city into a hub for artificial intelligence. — news from Investing.com