Asia markets poised to open mixed as investors gear up for U.S. elections, China parliament meeting

Asia markets poised to open mixed as investors gear up for U.S. elections, China parliament meeting


BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images)

Vcg | Visual China Group | Getty Images

Asia-Pacific markets were set to open mixed Monday as investors gear up for a busy week that includes the U.S. presidential election and Federal Reserve’s monetary policy meeting.

Investors will also closely watch China’s parliament that’s scheduled to kick off on Monday. Chinese authorities are expected to announce more details on fiscal support when the meeting concludes on Friday.

China’s October trade data is due on Thursday after downbeat exports and imports growth in September.

Japan’s markets were closed Monday for a holiday.

South Korea’s blue chip Kospi added 0.14% while the small-cap Kosdaq gained 0.2%.

Futures for Hong Kong’s Hang Seng index stood at 20,490, lower than their Friday close of 20,506.43.

Australia’s S&P/ASX 200 started the day up 0.18%.



Source

Trump says he’s raising EU auto tariffs to 25% without clarifying how
World

Trump says he’s raising EU auto tariffs to 25% without clarifying how

President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies. “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged […]

Read More
Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’
World

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first […]

Read More
Roku is one of the big earnings winners of the day. Two major analysts see more to go
World

Roku is one of the big earnings winners of the day. Two major analysts see more to go

Roku rallied as much as 9% Friday following its first-quarter earnings report on Thursday, and the provider of streamed entertainment still has more room to run, according to leading analysts on Wall Street. Roku continues to strengthen its businesses and is benefiting from broader industry tailwinds, they said. Morgan Stanley reiterated its overweight rating on […]

Read More