Oil surge boosts Asia markets while US stock futures fall.

Asia-Pacific markets rose as investors digested manufacturing data and oil futures surged up to 8% after OPEC+ members agreed to cut more than 1 million barrels per day through the end of 2023. Private surveys on manufacturing from China, India, and South Korea are expected to be published. Meanwhile, the Hang Seng index looks to trade lower. US stocks rose after the Federal Reserve's preferred inflation gauge showed a cooler-than-expected increase in prices. Japan's manufacturing purchasing managers index has risen to 49.2% for March, higher than February's figure of 47.7%.