Asia stocks rise on China stimulus cheer; tariff, recession jitters persist

Asian stocks rose on Monday tracking optimism over the Chinese economy after Beijing outlined targeted measures to boost spending, although persistent concerns over a U.S.-led trade war kept gains limited.

Regional markets also took a positive lead-in from a Friday rebound on Wall Street, although the rebound appeared to have petered out with U.S. stock index futures falling in Asian trade.

Persistent concerns over U.S. trade tariffs and slowing growth undermined overall risk appetite, as did anticipation of a barrage of key central bank meetings this week, particularly the Federal Reserve and the Bank of Japan.

Barring China, most Asian markets were nursing steep losses over the past month, amid heightened concerns over U.S. trade tariffs and a potential recession.