Sydney city skyline, New South Wales, Australia.
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Asia-Pacific markets rose Monday, with investors awaiting a slew of economic data this week including China industrial data and India’s third-quarter GDP numbers.
Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month. Should this forecast prove correct, this will be Singapore’s lowest rate of inflation since March 2021.
Other economic data this week include South Korea central bank’s rate decision due Wednesday.
October inflation readings from Australia are also out Wednesday, and November inflation numbers from Japan’s capital city of Tokyo will be released on Friday. Tokyo’s inflation figures are widely considered a leading indicator of nationwide trends.
Australia’s S&P/ASX 200 rose 0.58%, hitting a new all-time high of 8,458.9 early in the trading session.
Japan’s Nikkei 225 was 1.61% up, while the broad-based Topix rose 0.97%.
South Korea’s Kospi gained 1.38%, and the small-cap Kosdaq saw a larger rise of 2.29%.
Hong Kong’s Hang Seng index rose 0.34%, while mainland China’s CSI 300 was flat.
On Friday in the U.S., the Dow Jones Industrial Average closed at a new high, capping off a winning week for stocks.
The blue-chip Dow gained 426.16 points, or 0.97%, to 44,296.51, a new all-time closing high and its third straight positive session.
The S&P 500 added 0.35% to finish its fifth winning day in a row, while the tech-heavy Nasdaq Composite rose 0.16%.
Gains were restricted by slides of 3.2% and 1.7% in Nvidia and Alphabet, respectively.
— CNBC’s Alex Harring and Jesse Pound contributed to this report.