1 week Ago
Asia-Pacific markets are set to open higher Monday as investors await further stimulus measures from China as well as developments in trade negotiations between the U.S. and countries in the region.
Over the weekend, China's finance minister Lan Fo'an said that the Asian powerhouse will "adopt more proactive macroeconomic policies to promote the realization of the expected growth target for the whole year and continue to bring stability and momentum to the global economy," according to a Google translation of a . Chinese authorities, including the People's Bank of China, are slated to hold a press conference later in the day. Investors are also keeping tabs on developments in trade negotiations between the U.
S. and countries in the region, after U.S.
President Donald Trump indicated that , according to Bloomberg reports. Japan's benchmark was set to open higher, with the futures contract in Chicago at 36,040 while its counterpart in Osaka last traded at 36,030, against the index's Friday close of 35,705.74.
Futures for Hong Kong's stood at 22,055, pointing to a stronger open compared to the HSI's last close of 21,980.74. Meanwhile, futures tied to Australia's were last seen at 8,078, higher than the index's last close of 7,968.
20. ahead of a heavy earnings week, even as all three major benchmarks . The broad-based ended last Friday's session 0.
74% higher at 5,525.21, while the added 1.26% to end at 17,282.
94. The up marginally by 0.05%, or 20 points to close at 40,113.
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