Asia markets in red tracking selloff on Wall Street ahead of key US jobs report; oil soars

News Snapshot:

Japan (NKY:IND) -1.96%. Household spending in Japan dropped in real terms by 0.5% year over year in February 2024, less than market forecasts of a 3.0% fall and much softer than a 6.3% decline in the prior month. China (SHCOMP) market closed. Hong Kong (HSI) +0.05%. The S&P Global Hong Kong SAR PMI rose to 50.9 in March 2024 from February’s four-month low of 49.7. India (SENSEX) -0.03%. The Reserve Bank of India held its benchmark policy repo at 6.5% for the seventh consecutive meeting in April 2024, as widely expected amid persistent price pressures. Australia (AS51) -0.56%. Investors assessed...