"China's maturation betterment and northbound Asia's net rebound successful 2024 stay our cardinal concern themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote successful a Saturday note.
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Asia-Pacific markets opened higher Monday, arsenic investors assessed China's play property briefing and awaited a slew of economical information this week from the region.
China's Minister of Finance Lan Fo'an successful a highly anticipated property briefing connected Saturday hinted astatine much indebtedness issuance amid efforts to enactment up the economy, stating the authorities had a "rather large" abstraction to summation deficit.
Meanwhile, China's deflation pressures deepened successful September with user prices rising astatine their slowest gait successful 3 months astatine 0.4% from a twelvemonth earlier, portion the shaper terms scale fell astatine the fastest gait successful six months, down 2.8%. Both metrics missed expectations of economists polled by Reuters, who estimated CPI to emergence 0.6% and PPI to diminution 2.5%.
China is acceptable to merchandise its commercialized information for September connected Monday, with exports expected to emergence 6%, a slower maturation than 8.7% successful August, portion imports are estimated to turn 0.9%, compared to 0.5% successful August.
China watchers besides look up to the week with a engaged acceptable of economical data, including China's third-quarter GDP, September concern output growth, retail income and unemployment rate.
Japan's marketplace was closed for a holiday.
Futures for Hong Kong's Hang Seng index stood astatine 21,274, somewhat higher than its erstwhile adjacent astatine 21,251.98.
Australia's S&P/ASX 200 started the time up 0.27%.
South Korea's bluish spot Kospi gained 0.63% portion the small-cap Kosdaq scale fell 0.43%.
Stateside, banal futures were small changed successful overnight trading Sunday arsenic investors waited to measure an upcoming batch of cardinal firm earnings.
Futures connected the Dow Jones Industrial Average traded adjacent the flatline. The S&P 500 scale futures were flat, portion Nasdaq-100 futures dipped 0.1%.
— CNBC's Yun Li contributed to this report.
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