"Xiaomi Surge Boosts Hong Kong Stocks in Asia-Pacific Markets"

Hong Kong stocks led gains in Asia-Pacific markets as Xiaomi shares surged, while investors assessed economic data from South Korea and Australia. South Korea's March inflation rate held steady at 3.1%, and Australia's factory activity contracted at its fastest pace since May 2020. India's manufacturing sector expanded at its fastest pace in 16 years, while China's CSI 300 index fell 0.42%. South Korea's Samsung Electronics rose over 3%, but the broader Kospi rose just 0.14%, and Country Garden Holdings announced a trading suspension. Australian gold miners surged after bullion hit record highs, and the Reserve Bank of Australia announced a shift to a new system for implementing monetary policy.