Chinese shares surge, Asia rallies on positive economic outlook

Moneycontrol April 1, 2024, 05:00 AM UTC

Summary: Chinese shares surged as Asia rallied on positive economic outlook, with Chinese blue chips up 1.63% after strong manufacturing data. Japan's Nikkei fell 1.5% due to concerns of yen intervention. U.S. stock futures rose on Fed's inflation data, hinting at a June rate cut. Crude oil prices remained firm on improved Chinese economy and OPEC+ output cuts. Bitcoin rose 1.75% to $70,870. Brent crude was at $87.29, WTI at $83.48.

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