Asia-Pacific markets are mixed to start to the week as Chinese markets come back from a week-long Golden Week holiday.
Investors will be watching inflation readings and trade data out from China and India later this week, as well as a monetary policy decision from Singapore’s central bank.
Japan and South Korea’s markets are closed Monday for a holiday.
In Australia, the S&P/ASX 200 was up 0.23% to end at 6,970.2, snapping a five-day losing streak. This comes after the index fell below the 7,000 mark for the first time since March on Friday.
Futures for Hong Kong’s Hang Seng index stood at 17,724, pointing to a stronger open compared to the HSI’s last close of 17,485.98.
Hong Kong’s morning session was canceled after the city raised its typhoon warning to Signal 8 for Typhoon Koinu. That warning was downgraded at 11:40 a.m and Hong Kong’s markets are expected to resume trade in the afternoon.
Meanwhile, mainland Chinese markets weakened, with the benchmark CSI 300 index falling about 0.49% after the Golden Week.
On Friday in the U.S., all three major indexes rallied after the release of stronger-than-expected U.S. jobs data and a pop in Treasury yields.
The Dow Jones Industrial Average gained 0.87%, while the S&P 500 added 1.18%. The tech-heavy Nasdaq Composite posted the largest gains, climbing 1.6%.
Traders will be watching the market reaction, however, after Palestinian militants launched an unprecedented surprise attack on Israel over the weekend.
Source: https://www.cnbc.com/2023/10/09/asia-stock-markets-today-live-updates.html
