APAC markets rise as U.S. stocks hit record highs ahead of Korea's rate decision and India’s GDP data.

APAC markets start strong, US rally continues

APAC markets started the week in positive territory, as investors look towards a holiday-shortened week in the U.S. ahead of Korea's central bank rate decision on Thursday and India’s third-quarter GDP numbers on Friday.&nbsp;&nbsp;By 11:40 am AEDT (12:40 am GMT) ASX 200 added 63.8 points or 0.8% to fresh record highs of 8,457.6, the Kospi 200 added 19.1 points or 0.8% to 2,521 and the Nikkei 225 gained 630.3 points or 0.7% to 38,911.&nbsp;In the U.S. stocks continued their winning streak, with the Dow Jones closing at fresh record highs as investors rotated into economically sensitive stocks amid robust economic data, while the U.S. dollar traded at yearly highs.&nbsp;The Dow Jones added 426.2 points or 1% to a closing record high of 44,296.5, the S&amp;P 500 gained 20.6 points or 0.4% to 5,969.3 and the Nasdaq Composite lifted 31.2 points or 0.2% to 19,003.7.&nbsp;Among gainers, Super Micro Computer lifted 11.6%, Moderna gained 7.5% and General Motors added 5.1%&nbsp;Losses were led by Nvidia slipping 3.2%, Intuit, down 5.7%, and Palo Alto Networks, falling 3.6%.&nbsp;Among commodities, spot gold traded slightly lower, down 0.2% to US$2,711.94 per ounce, while WTI crude added $1.14 or 1.6% to $71.24 per barrel. In China, the Shanghai Composite dropped 103.2 points or 3.1% to 3,267.1, while the CSI 300 fell 123.6 points or 3.1% to 3,865.7.&nbsp;In Hong Kong, the Hang Seng Index lost 371.1 points or 1.9% to 19,230. In India, the BSE SENSEX added 1,961.3 points or 2.5% to 79,117.1.&nbsp;Among European countries, U.K. FTSE 100 added 112.8 points or 1.4% to 8,262.1, Germany’s DAX gained 176.4 points or 0.9% to 19,322.6 and the French CAC 40 gained 41.7 points or 0.6% to 7,255.&nbsp;

APAC markets start off strong as US rally continues

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APAC markets start off strong as US rally continues | Azzet™ - Where decisions are made