BEIJING, CHINA – SEPTEMBER 4: Buildings and vehicles are visible in the central business district of Beijing, China, during rush hour on September 4, 2020.
Zhang Qiao|Visual China Group|Getty Images
Asia-Pacific markets rose on Monday as investors braced for a busy week that includes the U.S. presidential election and the Federal Reserve’s monetary policy meeting.
Investors will also be keeping a close eye on China’s National People’s Congress meeting scheduled for Monday. Chinese authorities are expected to announce more details of fiscal support at the end of Friday’s meeting.
China’s trade data for October will be released on Thursday after sluggish import and export growth in September.
South Korea will release October consumer inflation data on Tuesday, which is expected to fall for the third consecutive month to 1.4% year-on-year, according to London Stock Exchange (LSEG) estimates. This compares to 2.6% in July, 2.0% in August and 1.6% in September.
The Reserve Bank of Australia will also announce its interest rate decision on Tuesday. According to a Reuters poll of economists, the Reserve Bank of Australia is likely to keep the official cash rate at 4.35%.
Japanese markets were closed Monday for a holiday.
South Korean blue-chip Kospi rose 1.54% and small-cap Kosdaq rose 3.19%.
Hong Kong’s Hang Seng rose 0.1% in choppy trading, while mainland China’s CSI 300 edged up 0.7%.
Australian S&P/ASX 200 Index It rose slightly by 0.6%.
Taiwan’s weighted index rose 0.5%.
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