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Asia Markets Rise on China Trade Data Hopes
8 Dec
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-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.
