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Global Market Quick Take: Asia – April 2, 2024
US ISM manufacturing rose back to expansionary territory as it came in at 50.3 for March and the prices paid sub-index showed an acceleration of prices. The 10-year yield jumped by 11bps to 4.31% and USDJPY rose towards 151.80. Oil prices are edging close to five-month highs after an Israeli airstrike on Iran’s embassy in Syria. The Nikkei 225 Index plummeted 1.4% to 39,803 on the first day of Japanese companies' new fiscal year amid a decline in the current business conditions of large manufacturing enterprises. The CSI300 surged 1.7% as China's official NBS manufacturing PMI rebounded to 50.8, indicating ... (full story)