Asia-Pacific markets opened higher on Monday, following gains in United States futures as the Senate reportedly votes on a deal to fund the government through 30 January, signalling the end of the historic shutdown, according to CNN.
Investors also bought the dip after concerns over an AI bubble had driven declines across the region last week.
By 11:50 am AEDT (12:45 am GMT), major indices showed gains, with Australia’s S&P/ASX 200 adding 0.4%, Japan’s Nikkei 225 gaining 0.7%, and South Korea’s Kospi 200 rising 1.9%
Market participants are also digesting China’s October inflation data released over the weekend. The consumer price index rose 0.2% year-on-year, while service prices increased 0.8%, marking the country’s strongest CPI gain since January, according to the National Bureau of Statistics.
In the United States on Friday, major benchmarks closed mixed, with the Dow up 0.2%, the S&P 500 gaining 0.1%, and the Nasdaq down 0.2%.
Commodity markets saw modest gains, with Brent crude rising 0.5% to settle at US$59.75 per barrel and spot gold ticking up 0.6% to US$4,001.28 per ounce.
In China, the Shanghai Composite slipped 0.3% to 3,997.6, while the CSI 300 dropped 0.3% to 4,678.8.
Hong Kong’s Hang Seng Index fell 0.9% to 26,421.8. India’s BSE Sensex closed slightly lower at 83,216.3, hitting a three-week intraday low of 82,671.
European markets extended losses on Friday, with the FTSE 100 down 0.6% at 9,682.6, the DAX falling 0.7% to 23,570.0, and the CAC 40 easing 0.2% to 7,950.2.
