Global Stock Markets React to Mixed Asian Trading and Disappointing Chinese Economic Data

Asian markets mostly advanced following Wall Street's recovery and Japan's report of slowing inflation, potentially keeping its ultra-low interest rates steady. The Nikkei 225 index climbed 1.4% in Tokyo, while the Hang Seng in Hong Kong lost 0.1% and the Shanghai Composite index was down 0.5%. U.S. futures were mixed, and oil prices fell. Big Tech and chip companies led Wall Street gains, with the S&P 500 rising 0.9% and the Dow Jones Industrial Average gaining 0.5%. Treasury yields slowed their earlier jump, and the 10-year Treasury yield rose to 4.16%. Several financial companies reported weaker results, while U.S. crude lost 9 cents to $73.86 a barrel.