Beijing is expected to revise down its annual consumer price inflation target to around 2% — the lowest in more than two decades — from 3% or higher in prior years.
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.
Chinese stocks, led by a tech rally, have been on a tear since the release of DeepSeek's R1 model that challenged the U.S.-led AI ecosystem on costs and performance.
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.
The Chinese titan posted a sharp profit hike in the December quarter amid ongoing strength in its Cloud Intelligence unit and growth in its e-commerce segment.