Asian stocks rise ahead of U.S. inflation data, Japan tumbles By Investing.com

A bumper fine on Alibaba’s Ant Group and Tencent fueled expectations that China was now winding down its three-year regulatory crusade against local technology firms. Investors also bet that worsening economic conditions in China will push the government into encouraging private investment in technology firms,

Other Hong Kong-listed Chinese stocks also advanced, as Chinese state media reported that Beijing is likely to roll out more stimulus measures to support a slowing economic recovery.

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