Posted 4/2/2024, 7:42:54 AM
Asian Markets Mixed as Hong Kong Rises but China's Vanke Slumps; US Data Spurs Treasury Yields
- Asian markets mixed after Wall Street retreated on strong US manufacturing data
- Hong Kong shares gained over 2%; China's Vanke shares plunged after profit sank 50%
- China consumer prices rebounded 0.7% in February; producer prices fell 2.7%
- US manufacturing unexpectedly returned to growth, sparking Treasury yield spikes
- Fed rate cut hopes pared back briefly; jobs reports this week could sway thinking