Asian stocks extended gains, driven by strong momentum from China’s stimulus measures and positive US economic data.

China’s CSI 300 Index is set for its largest weekly rise since 2008, as officials introduced fiscal support and property sector stabilization efforts to boost growth.

Meanwhile, Hong Kong’s tech index reached a one-year high.

US data showed economic resilience, particularly in consumer-driven growth and a drop in jobless claims, further encouraging market sentiment.

Japan’s yen weakened, while bond futures rose on expectations of a dovish shift in leadership.

In commodities, oil prices fell, copper rallied, and gold steadied near record highs.