The SSE Composite Index surged over 4% following the People's Bank of China announcing extensive stimulus measures aimed at bolstering their slowing economy.
European markets reflected a similar positive response, with the STOXX Europe 600 increasing by 0.81%, benefiting from the uplifting effects of China’s monetary intervention.
As investors welcomed China's stimulus measures, Japan's Nikkei 225 saw a gain of 0.57%, closing at 37,940.59, indicating a positive regional sentiment.
The S&P 500 recorded an increase of 0.3% to set a new all-time high of 5,734.46, underpinned by optimism surrounding Federal Reserve rate cuts.
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