Asian Markets Set for Mixed Open Ahead of China, India Data
Asia-Pacific markets are set to mostly rise on Monday, as investors await business activity figures from some of the region’s major economies.
S&P Global’s Caixin China services purchasing managers’ index is due later in the day, with market reaction in China also in focus after the country’s central bank said over the weekend it would pursue “moderately loose” monetary policy through 2025.
December PMI figures for India and Hong Kong are also due on Monday. Futures on Hong Kong’s Hang Seng index last traded at 19,827, indicating a stronger open for the index compared with Friday’s HSI close of 19,760.27.
Japan’s benchmark Nikkei 225 index is expected to fall, with Chicago futures at 39,815 and Osaka futures at 39,720, compared with the index’s last close of 39,894.54.
Australia's S&P/ASX 20 index started the day up 0.39%. In the U.S. on Friday, the Nasdaq Composite and S&P 500 ended five straight days of declines as tech stocks rallied.
The S&P 500 closed 1.26% higher, while the Nasdaq Composite gained 1.77% to close at 19,621.68. The Dow Jones Industrial Average rose 0.8%.
Source: CNBC
