Asia markets set to open lower as investors watch U.S.-China talks in Spain

Asia-Pacific markets were acceptable to unfastened little arsenic investors kept an oculus connected the talks betwixt the U.S. and China successful Spain, and await a slate of information from Beijing.

U.S. and Chinese officials began talks successful Madrid Sunday to discuss cardinal nationalist security, economic, and commercialized issues, including the upcoming deadline to divest Chinese abbreviated video app TikTok and U.S. tariffs.

Delegations led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with their counterparts, Chinese Vice Premier He Lifeng and China's apical commercialized negotiator, Li Chenggang.

Meanwhile, China is expected to merchandise information connected retail sales, fixed plus concern and municipality unemployment complaint aboriginal successful the day.

Hong Kong's Hang Seng Index was acceptable to unfastened somewhat lower, with the futures declaration astatine 26,380, against the index's past adjacent of 26,388.16.

Australia's ASX/S&P 200 was poised for a little open, with the futures declaration past traded astatine 8,804, against the index's Friday adjacent astatine 8,864.9.

Japanese markets were closed for a holiday.

U.S. equity futures were small changed successful aboriginal Asian hours arsenic investors brace for a Federal Reserve gathering this week, successful hopes that the cardinal slope volition chopped involvement rates erstwhile it concludes its gathering Wednesday stateside.

On Friday stateside, the Nasdaq Composite closed astatine a caller grounds high, securing its 2nd winning week successful a enactment with its 2% beforehand successful the period. The S&P 500 gained 1.6% week to date, posting its champion play show since aboriginal August. The Dow posted its first positive week successful 3 aft seeing a week-to-date ascent of 1%.

The beardown gains travel aft the latest economical information showing a weakening labour marketplace and tame ostentation spurred Fed rate-cut hopes.

— CNBC's Sarah Min contributed to this report.