Australian and South Korean shares gained with US futures after the S&P 500 climbed 1.1% and the Nasdaq 100 rose 1.3%. Hong Kong contracts were little changed following a drop in US-listed Chinese stocks in a sign China’s outperformance against US equities this year may be faltering. Japanese markets are shut for a holiday, meaning there’s no trading of cash Treasuries in Asia.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,