Chinese stocks surged on stimulus news, US inflation data awaited, Asian equities climbed

From Yahoo Finance: 2024-10-10 02:00:10

Stocks in China surged on news of stimulus measures, while investors await US inflation data for insights into Fed policy. Asian equities climbed, with Chinese shares rebounding from losses. Treasuries held steady, oil prices rose, and the dollar remained unchanged. Analysts expect a shift in focus to earnings and valuations in the offshore market. Meanwhile, Taiwan Semiconductor posted strong revenue growth, Indian shares rose, and Bernstein cut its equities rating. US consumer price data is anticipated to show a decline, supporting future Fed easing. Concerns over Israel’s response to an Iranian missile attack and French budget details also impact markets.



Read more at Yahoo Finance: Chinese Stocks Rally; Markets Await US Inflation: Markets Wrap