Most stocks in Asia rose after a rally driven by technology stocks on Wall Street, with investors looking forward to crucial US inflation data scheduled for Tuesday.
Stocks in Japan and Hong Kong rose, while stocks in mainland China and Australia were somewhat lower. These moves came in the wake of the Nasdaq 100 index gaining 2.3% on Friday, supported by a record rise in Microsoft shares. The S&P 500 index rose 1.6%. US stock futures fell in the morning session in Asia.
Markets in Singapore and Malaysia are closed on Monday for a holiday.
Australian and New Zealand government bonds fell after a sell-off in short-term Treasuries on Friday. These declines failed to affect longer-term bonds. The 30-year bond yield remained largely unchanged, while the 10-year bond yield rose by three basis points.
US Treasury bonds and the dollar stabilized on Monday.
All eyes are on the upcoming US consumer price data, which is expected to show inflation fell to an annual rate of 3.3% in October, down from 3.7% the previous month. Meanwhile, more signs of a easing of tension between the US and China are emerging ahead of Wednesday’s summit between Joe Biden and Xi Jinping, with Beijing reportedly considering ending a freeze on Boeing aircraft purchases.
2023-11-13 02:51:06
#Asian #stocks #rise #supported #recovery #technology #companies #America #East #Economy #Bloomberg
