Asian Stocks to Rise After Tech Lifts Wall Street: Markets Wrap
Chinese shares fell Wednesday as traders weighed weak economic data from the Golden Week holiday and questioned Beijing’s commitment to more stimulus measures.
The benchmark CSI 300 Index underperformed the region, declining as much as 7.4% before paring some of its losses after authorities announced a briefingBloomberg Terminal on Saturday about fiscal policy. US and European equity futures also slipped following a report that the US Justice Department was weighing a breakup of Google. Ten-year Treasury yields hovered around the key 4% mark and oil steadied after tumbling the most in more than a year.