- Asian stocks rose, boosted by China's support for its stock market and Jerome Powell's remarks that the Federal Reserve would "proceed carefully" in deciding whether to raise interest rates again.
- Chinese stocks rose after the government reduced stamp duty on stock trades for the first time since 2008 and pledged to slow the pace of IPOs. The CSI 300 Index was on track for its biggest gain in more than a month, while the Shanghai Composite Index was on track for its biggest gain since November.
- Shares rose across the region's benchmark indexes. Contracts for US equities were little changed after the S&P 500 Index and the Nasdaq 100 Index both advanced following Powell's remarks on Friday. The Euro Stoxx 50 gained 0.7%.
- The 10-year government bond yield in China advanced as a result of the stamp duty reduction, while the offshore yuan strengthened after the People's Bank of China set a stronger-than-expected reference rate for the currency.
