From Yahoo Finance: 2024-04-02 02:18:57

Hong Kong stocks led gains in Asian markets, with the Hang Seng rising 2.7%. The Shanghai Composite also rose 0.1%. South Korea’s consumer prices increased 3.1%, while Australia’s manufacturing sector contracted. U.S. futures were lower, and Tokyo’s Nikkei climbed 0.3%. Vanke saw a 50.6% decrease in core profit, leading its Hong Kong-listed shares to slump 11.4%. On Wall Street, the S&P 500 and Dow Jones fell, while the Nasdaq rose. FedEx announced it won’t deliver U.S. air cargo, and Trump Media lost value. Universal Health Services faced a $535 million damages award, and Newmont saw stock gains from rising gold prices. Treasury yields spiked after U.S. manufacturing growth reports, impacting market expectations for interest rate cuts. The Fed aims to manage inflation as economic reports influence future rate decisions. Oil prices rose, with U.S. crude at $84.11 per barrel and Brent crude at $87.76. The U.S. dollar rose slightly against the Japanese yen and the euro.



Read more at Yahoo Finance: Hong Kong stocks lead Asia market gains while developer Vanke slumps