Asian Stocks Mostly Up on US Data, China Recovery: Markets Wrap
Written by Black Hot Fire Network on April 1, 2024
(Bloomberg) -- Asian shares mostly rose as US inflation figures reaffirmed bets for the Federal Reserve to ease policy this year and China’s economic recovery gained momentum.
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Benchmarks rose in mainland China and South Korea, while Japanese stocks slipped after a report showed confidence among the country’s large manufacturers weakened slightly for the first time in four quarters. Contracts for US equities gained, with markets in Australia and Hong Kong shut for a holiday.
Chinese stocks opened higher after manufacturing activity rebounded in March following a five-month . . .
