On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe the government will unveil a significant stimulus package of up to $280 billion to boost the economy. However, previous plans lacked concrete details, leaving markets uncertain.

Stephen Innes of SPI Asset Management commented, "Chinese policy briefings often promise much but deliver little. We'll know by month's end if Beijing is serious this time." The Shanghai Composite index surged 1.7%, and Shenzhen gained 1.9%. However, Hong Kong's Hang Seng slipped 0.4%. China's latest data showed weakening consumer inflation and declining wholesale prices, reflecting sluggish domestic demand.

China's military drills near Taiwan had minimal market impact, with Taiwan's Taiex rising 0.4%. Japanese markets were closed for a holiday, while South Korea's Kospi climbed 1%, and Australia's S&P/ASX 200 added 0.5%. This Asian advance followed a record-breaking close on Wall Street, driven by robust bank profits.

The S&P 500 hit an all-time high, up 0.6%, and the Dow Jones Industrial Average also set a record, climbing 1%. Tesla's unveiling of its robotaxi without clear rollout plans led to an 8.8% drop, but rival Uber saw a 10.8% jump. Treasury yields were mixed, and oil prices fell, with U.S. crude at $74.65 per barrel.

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