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Asia-Pacific markets rise ahead of China factory activity data



Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan.

Toru Hanai | Bloomberg | Getty Images

Shares in the Asia-Pacific rose on Monday ahead of China’s factory activity data that’s slated to be released, and as markets look ahead to the U.S. Fed meeting later this week.

On Friday in the U.S., major stock indexes jumped 2% each on optimism that inflation may be slowing.

The Nikkei 225 rose 1.32% in early trade, and the Topix gained around 1%. South Korea’s Kospi added 0.59% and the Kosdaq was 0.83% higher.


In Australia, the S&P/ASX 200 also added 1%. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3%

China’s National Bureau of Statistics is expected to release its Purchasing Managers’ Index data Monday, and analysts expect a reading of 50, according to a Reuters poll.

Later this week, the Federal Reserve will hold its policy meeting and announce its interest rate decision. Several countries will report inflation data this week.

Source: CNBC

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