Passengers wait for trains at Guangzhou South Railway Station on September 27, 2023, just days before the National Day and Mid-Autumn Festival holidays.
China News Service | China News Service | Getty Images
Asia Pacific markets start the week mixed as Chinese markets return from a week-long Golden Week holiday.
Investors will be eyeing inflation readings and trade data from China and India later this week, as well as a monetary policy decision from Singapore’s central bank.
Markets in Japan and South Korea are closed on Monday for a holiday.
In Australia it is S&P/ASX 200 rose 0.41% in early trading.
This came after the index snapped a five-day losing streak, falling below 7,000 on Friday for the first time since March.
Futures for the Hong Kong Hang Seng Index were at 17,724, indicating a stronger open compared to the HSI’s previous close of 17,485.98.
However, Hong Kong’s morning session is canceled after the city upgraded its typhoon warning to Signal 8 for Typhoon Koinu. HKEX guidelines state that if a Signal 8 is not cleared before 9 a.m. local time, the morning session will be canceled.
The Hong Kong Observatory said it expects to downgrade its Signal 8 warning at 11:40 a.m. as winds ease
Meanwhile, markets in mainland China weakened, with the benchmark CSI 300 index falling about 1% after Golden Week.
On Friday in the US, all three major indexes rallied following the release of stronger-than-expected US jobs data and a rise in Treasury yields.
The Dow Jones Industrial Average gained 0.87%, while the S&P 500 gained 1.18%. The tech-heavy Nasdaq Composite posted the biggest gains, up 1.6%.
However, traders will be watching the market’s reaction after Palestinian militants launched an unprecedented surprise attack on Israel over the weekend.
— CNBC’s Sarah Min and Hakyung Kim contributed to this report
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