Asia markets mostly higher after Federal Reserve holds rates; Hong Kong stocks jump 2%

the possibility of a rate hike, easing worries over the central bank likely not being able to rein in inflation.reversed losses to lead gains in Asia, with a 2.13% jump. The Hang Seng Tech index surged 4% after Chinese EV makers rose following April vehicle delivery updates., which had a volatile start to the week amid suspected government intervention to prop up the currency on Monday. It was last trading at 156.04 against the U.S. dollar.was 0.12% lower, while the smaller-cap Kosdaq was flat.

The ideas - or stocks - are captured in the investment bank's focus list - and include names that analysts have the"strongest buy and sell ideas for the next 12 months." Core CPI, excluding food and energy prices, rose 2.3%. It was slightly slower than a 2.4% increase in March.U.S. crude oil falls below $80, hits seven-week low as stockpiles surge on lackluster demandThe West Texas Intermediate contract for June delivery fell $2.83, or 3.45%, to $79.10 a barrel, the lowest level in seven weeks. Brent July futures lost $2.77, or 3.21%, to $83.56 a barrel.

Source: News Formal (newsformal.com)

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