Stocks in Hong Kong surged the most since mid-March as trading in the financial hub resumed after a holiday, playing catch-up to the rally in global equities.
OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington.
Asian stocks played catch-up to a sharp rally in US and European equities that began to fade as fledgling hope that central banks would temper the pace of interest rate increases slipped further from view.
The power cable between Sweden and Poland will resume operations as planned on Oct. 9 following maintenance, after tests showed it didn’t sustain any damage from the blasts to the nearby Nord Stream pipelines.
US stocks may resume their slump as they have only just begun to price in a recession, according to Citigroup Inc.’s quant strategists.
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