"Hong Kong Stocks Surge 3% as Bank of Japan Holds Policy Steady"

Hong Kong stocks rebounded by over 3% after two days of declines, with tech stocks leading the charge, while Japan's Nikkei 225 rose ahead of the Bank of Japan's monetary policy meeting. Bitcoin fell below $40,000 for the first time this year, impacting smaller peers like Ethereum. A China strategist warned of potential deflation and low consumer confidence, while HSBC cautioned investors to prepare for a market selloff despite equities hitting new highs. Oil prices rose after a suspected Ukrainian drone strike on a major Russian fuel terminal, and the Dow and S&P 500 set fresh all-time highs, signaling a continued bull run on Wall Street.