What is the expected trend for China's exports in November?

China's exports are expected to increase by 3.8% in November, reversing the contraction seen in October.

Which central bank's decision are investors watching?

Investors are closely monitoring the upcoming decision from the Reserve Bank of Australia.

How are Hong Kong and Japan markets expected to perform?

Futures for Hong Kong's Hang Seng Index and Japan's Nikkei 225 suggest a higher open for both markets.

Home / Business and Economy / Asia Markets Rise on China Trade Data Hopes

Asia Markets Rise on China Trade Data Hopes

8 Dec

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Summary

Asia-Pacific markets anticipated a mostly higher open on Monday.
China's exports expected to rebound in November, imports to grow.
Investors also watching for the Reserve Bank of Australia's decision.

Asia Markets Rise on China Trade Data Hopes

Asia-Pacific markets were set to open mostly higher as traders focused on China's upcoming trade figures for November. Expectations were for exports to rebound, rising 3.8% year-on-year, a significant shift from the 1.1% contraction seen in October. Imports were also projected to see growth, increasing by 3% compared to the previous month's 1% rise.

Futures markets indicated a positive sentiment, with Hong Kong's Hang Seng Index futures pointing to a higher opening. Similarly, Japan's benchmark Nikkei 225 futures suggested an upward trajectory for the Tokyo stock exchange. These movements signal investor optimism ahead of the crucial trade data release.

Beyond the trade data, market participants were also anticipating the Reserve Bank of Australia's monetary policy decision, as the central bank commenced its two-day meeting. This dual focus on economic indicators and central bank actions shaped the trading outlook for the region.