China leads Asian stocks higher with 4% surge

Asian stock indices opened the first session of the week higher with China surging over 4% as the People's Bank of China prepares to ease monetary policy further with risk appetite rebounding as Covid 19 cases in China fizzle out. 

Earlier New Zealand data showed commodity prices down 0.7%, compared to a 1.1% rise in May, while Australia's MI inflation index rose 0.6% in June. 

Australia's jobs advertisements rallied 42% in June, while investors await the Reserve Bank of Australia's policy decisions tomorrow. 

The World Health Organization reported over 200 thousand cases of Covid 19 worldwide in the last 24 hours, a new record high, with US cases spiking.. with the death toll globally surpassing 528,00. 

Japan's TOPEX rose 1.49%, while Nikkei 225 rallied 1.61% to 22,665. 

China's CSI 300 spiked 4.28%, while Shanghai powered up 4.24% to 3,286. 

Hong Kong's Hang Seng surged 3.39%, while South Korea's KOSPI rallied 1.68% to 2,188. 

New Zealand's NZX 50 rose 0.52% to 11,618, while Australia's S&P/ASX 200 rose 0.24% to 6,072.