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BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China.
Zhang Qiao | Visual China Group | Getty Images
Asia-Pacific markets rose Monday as investors geared up for a busy week that includes the U.S. presidential election and the Federal Reserve’s monetary policy meeting.
Investors will also closely watch China’s parliament meeting 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 Thursday after downbeat exports and imports growth in September.
South Korea will report its October consumer inflation reading on Tuesday, which is estimated to ease for the third consecutive month to 1.4% year on year, according to LSEG estimates. That’s compared with 2.6% in July, 2.0% in August and 1.6% in September.
Australia’s central bank will also reveal its interest rate decision on Tuesday. The Reserve Bank of Australia is likely to hold its official cash rate at 4.35%, according to a Reuters poll of economists.
Japan’s markets were closed Monday for a holiday.
South Korea’s blue chip Kospi added 1.54% while the small-cap Kosdaq gained 3.19%.
Hong Kong’s Hang Seng index was up 0.1% in choppy trading, while mainland China’s CSI 300 edged up 0.7%.
Australia’s S&P/ASX 200 inched 0.6% higher.
The Taiwan Weighted Index advanced 0.5%.
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