Shanghai Pudong District at sunrise
Duquet Photographer | Moment | Getty Images
Asia-Pacific markets opened higher on Monday ahead of Donald Trump’s inauguration, as investors awaited greater clarity on policies from the incoming U.S. administration.
Australian S&P/ASX 200 Index up 0.37%.
Japanese Nikkei 225 Index It opened up 0.76% and the Topix rose 0.74%. Korean Cospi rose 0.43%, and the Kosdaq rose 0.36%.
Hong Kong Hang Seng Index futures were at 19,841 points, which was also higher than the Hang Seng Index’s last closing point of 19,584.06 points.
Malaysia is due to release trade data for December, while Hong Kong is to release unemployment data for the same month later in the day. Investors will pay attention to China’s decision on preferential loan interest rates.
Other central banks in Asia are also scheduled to meet later this week. Bank Negara Malaysia is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan will hold its next policy meeting on January 23-24 – Bank of Japan Governor Kazuo Ueda Expressed intention to raise interest rates.
On Friday, the three major U.S. stock indexes posted their first weekly gains since the new year.
this Dow Jones Industrial Average It rose 334.70 points, or 0.78%, to close at 43,487.83 points. this S&P 500 Index up 1% to 5,996.66, Nasdaq Index Up 1.51% to 19,630.20.
President-elect Trump and Chinese President Xi Jinping Friday phone call Trump called negotiations on trade, TikTok, fentanyl, etc. “very good.”
U.S. markets will be closed on Monday.
—CNBC’s Hakyung Kim and Lisa Kailai Han contributed to this report.
