Asian equities displayed a positive trend overnight, with Japan leading the way due to salary increases and potential changes in its negative interest rate policy. Growth stocks and sectors in Mainland China and Hong Kong also performed well, boosted by attention on Nvidia's GTC conference in China. Recent policies supporting technological self-sufficiency, announced during the 'Two Sessions' policy meetings, may have contributed to this positive momentum.
Following the release of combined January and February data due to the Chinese New Year holiday, concerns arose from weak credit data. The decline in property investment and lower-than-expected rebound in retail sales highlighted the need for additional support in these sectors. Despite these challenges, China's economy continues to show signs of gradual recovery.
