Chinese shares drop as focus on China's fiscal stimulus briefing increases, while US futures inch up.

From Yahoo Finance: 2024-10-10 21:57:17

Chinese stocks dropped, diverging from Asian peers as anticipation builds for China’s weekend briefing on fiscal stimulus. The CSI 300 Index plunged by 2.4%, with Japan and South Korea seeing gains. All eyes are on the finance minister’s potential announcement of 2 trillion yuan in new support measures. US equity futures inched up after slight declines on Wall Street. Treasuries remained steady. Underlying US inflation rose more than expected in September, while unemployment claims also spiked. Fed policymakers remain divided on potential rate cuts. Currency, oil, and upcoming US earnings markets were also closely watched.



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