Passengers wait for trains at Guangzhou South Railway Station on Sept. 27, 2023, just days before the National Day and Mid-Autumn Festival holidays.
China News Service | China News Service | Getty Images
Asia-Pacific markets are set for a positive 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 0.61% in early trading.
This comes after the index notched a five-day losing streak and 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 however, has raised its typhoon warning to Signal 8 for Typhoon Koinu, which would cancel the morning session if it is not lifted before 9 a.m. local time.
The Hong Kong observatory said that with “departing winds,” it expects to downgrade the Signal 8 warning at 11:40 a.m.
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.
— CNBC’s Sarah Min and Hakyung Kim contributed to this report