Following a week-long break, Mainland China markets reopened sharply higher, continuing a stimulus rally that has captivated investors, while Hong Kong markets faced a significant decline. The bounce-back in Chinese shares, attributed to optimism over potential stimulus measures and a renewed focus on domestic demand, has led to soaring expectations. Analysts, however, caution that the economic benefits of these stimulus packages remain uncertain, suggesting that despite the impressive stock market performance, the underlying economy may still face challenges. As investors react, tales of a potential economic resurgence in China spark mixed opinions, with some fearing a ‘hangover’ may follow this bullish sentiment. Amidst this backdrop, technology stocks like Alibaba and JD have emerged as major beneficiaries, highlighting the dynamics at play in Asian markets as they navigate through greater volatility.