Asian markets optimistic due to U.S. soft landing prospects; China factory activity stalls.

Asian markets are optimistic as U.S. economic data suggests a potential "soft landing," bolstered by easing financial conditions. Recent trends include a weakening dollar and declining bond yields, enhancing risk appetite. However, China's factory activity is stalling, with a composite PMI at 50.1, indicating minimal growth. Traders are focused on upcoming manufacturing data from Asia and the strong yuan against the dollar, amidst generally favorable emerging market conditions.