Asian Stocks Decline on Weak Data; China Rebounds on State Fund Buying

Asian stocks fell on Tuesday following weak business activity data from Japan and Australia.

Chinese markets rebounded as a state-run fund began buying equities after recent declines.

Sentiment remained weak amid persistent Israel-Hamas conflict concerns. Diplomatic efforts to deescalate appeared to show some progress.

Easing Treasury yields offered some support, although tech stayed pressured.

Focus now on US PMIs later today. Tech earnings anticipation kept traders wary, looking to see if steady growth continued.