A moneylender counts Indian rupee notes at his shop in Ahmedabad, India.
Amit Dev | Reuters
Asia-Pacific markets opened higher on Monday after a roller-coaster week that saw a sharp sell-off followed by a sharp recovery, especially in Japan.
U.S. benchmark futures were lower as investors awaited key inflation data due later this week. Wall Street’s major indexes rose on Friday as they recovered sharply from last week’s volatile market rout.
The Dow Jones closed down 0.6% on Friday, the S&P 500 fell slightly by 0.04%, and the Nasdaq, which is dominated by technology stocks, closed down 0.18%.
In Asia, traders will assess inflation and industrial output data from India on Monday.
Economists polled by Reuters expect India’s annual CPI inflation rate to drop sharply to 3.65% in July from 5.08% in the previous month.
Meanwhile, India’s industrial output in June is expected to be 5.5%, slightly lower than May’s 5.9%.
Australia’s S&P/ASX 200 opened 0.75% higher.
South Korea’s Kospi opened 1.20% higher, while the small-cap Kosdaq rose 1.42%.
Hongkong Hang Seng Index The futures index was at 17,062 points, slightly lower than the Hang Seng Index’s last closing point of 17,090.23 points.
Japanese markets were closed for a holiday.
—CNBC’s Tanaya Macheel contributed to this report.
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