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

Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags
World

Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags

Lisa Su, CEO of AMD speaks with CNBC on May 6, 2026. CNBC Since the launch of ChatGPT in late 2022 and the start of the generative AI craze, one name has dominated the infrastructure boom: Nvidia. While the chipmaker — and the world’s most valuable company — continues to prosper and is expected to […]

Read More
The Federal Reserve is quickly running out of reasons to cut interest rates
World

The Federal Reserve is quickly running out of reasons to cut interest rates

If the Federal Reserve still has any reasons to cut interest rates in the near future, they’re getting harder and harder to find. Friday’s jobs report for April provided the latest evidence that the central bank’s larger concern isn’t a flagging labor market but rather a cost of living that is getting increasingly harder for […]

Read More
Investors are snapping up muni funds at fastest pace in 5 years. Why the good times may last
World

Investors are snapping up muni funds at fastest pace in 5 years. Why the good times may last

Volatility hasn’t dampened demand for municipal bonds. The assets performed dismally in March but rebounded in April. In fact, the ICE BofA US Municipals Securities Index posted its first positive April since 2021 and the strongest one since 2014. Munis are free of federal tax and, if the holder lives in the state in which […]

Read More