Hong Kong led Asia-Pacific stocks higher as markets tracked US gains, with renewed hopes for Rate cuts by the Federal Reserve bolstering Market sentiment.  The Hang Seng index hit its highest level in 10 months, up 2.3% after a report that regulators were considering a proposal to exempt individual investors from paying taxes on divs earned from Hong Kong stocks bought via Stock Connect.  Mainland China's CSI 300 marginally rose to hit its highest level since Oct 2023, ending at 3666.  Meanwhile, Japan's overall household spending in Mar fell 1.2% year on year, less than the 2.4% expected.  However, on a month-on-month basis, household spending rose 1.2%, compared with estimates of a 0.3% drop.  Japan’s Nikkei 225 rose 0.4% to end at 38,229, while the broad-based Topix gained 0.5% to close at 2728.  South Korea's Kospi closed 0.6% higher at 2727, but the small-cap Kosdaq fell 0.7%, ending at 864.  The Australian S&P/ASX 200 ended up 0.4% at 7749.  Overnight in the US, all 3 major indices climbed as fresh weekly jobless claims data came in at the highest level since Aug, raising expectations that central bankers might cut interest rates at some point this year.  The 30-stock Dow jumped 0.9% to notch its longest win streak since a 9-day run in Dec & the S&P 500 added 0.5%, while NAZ gained 0.3%.