Asian markets track Wall St down ahead of Fed decision

Hong Kong (AFP) May 1, 2024

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year. The reading on labour costs followed a string of recent reports out of Washington suggesting the central bank's battle against inflation has some way to go, even with borrowing costs at two-decade