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Stock market today: Asian shares gain as China eases rates to aid property industry

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Asian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy. Shares in Hong Kong jumped 2%. U.S. futures edged lower while oil prices gained. On Monday, U.S. stock indexes reached new heights with the S&P 500 gaining 0.

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“But it will probably be insufficient to drive a turnaround in growth unless followed up with greater fiscal support,” he said. That helped offset a 10.3% tumble for Trump Media & Technology Group, which fell to its lowest price since taking its place on the Nasdaq stock marketnow that they’re no longer bound by a “lock-up” agreement. Trump has said he doesn’t plan to sell.

Such reports, particularly on employment, are taking top priority on Wall Street because the main fear is now a slowdown in the job market. It’s a notable shift from prior years, when Wall Street’s attention was fixed on anything related to inflation.

 

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