BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during rush hour on September 4, 2020 in Beijing, China.
Zhang Qiao China Visual Group | Getty Images
Asia-Pacific markets rose on Friday as investors geared up for a busy week that includes the US presidential election and the Federal Reserve’s monetary policy meeting.
Investors will also be watching China’s parliamentary session scheduled to begin on Monday. Chinese authorities are expected to announce more details on fiscal support when the meeting ends on Friday.
China’s October trade data is due after exports fell and imports grew in September.
South Korea will report October consumer inflation readings on Tuesday, which are expected to ease for the third month in a row to 1.4% year-on-year, according to LSEG estimates. That compares with 2.6% in July, 2.0% in August and 1.6% in September.
Australia’s central bank will also unveil its interest rate decision on Tuesday. The Reserve Bank of Australia is likely to keep the official cash rate at 4.35%, according to a Reuters poll of economists.
Japanese markets are closed Monday for the holiday.
South Korea’s blue Kospi added 1.54% while the small-cap Kosdaq gained 3.19%.
Hong Kong’s Hang Seng index rose 0.1% in choppy trade, while mainland China’s CSI 300 rose 0.7%.
Australia’s S&P/ASX 200 inches 0.6% higher.
The Taiwan Weighted Index advanced 0.5%.
