Asian stocks rise amid Wall Street rebound, Chinese stocks lag due to restrictions

From Investing.com: 2024-09-09 22:25:07

Most Asian stocks rose on Tuesday following a Wall Street rebound, with investors awaiting inflation data for clues on interest rate cuts. Chinese markets lagged due to restrictions on Chinese biotech companies and weak economic indicators. U.S. stock futures fell slightly in Asian trade, suggesting a possible stall in Monday’s rebound. Chinese stocks sank on potential U.S. headwinds, with major indexes hitting lows and shares of biotech firms like WuXi AppTec falling after the U.S. House passed a bill restricting business with Chinese biotech companies. Broader Asian markets advanced, with focus on consumer price index data and upcoming rate cuts.



Read more at Investing.com: Asian stocks rise with inflation in focus; China dips on US jitters By Investing.com