China’s LPR, South Korea’s GDP, Japan’s inflation | Real Time Headlines

Asia-Pacific markets opened mixed on Monday as traders awaited the announcement of China’s prime lending rate and also awaited this weekend’s Japanese election.

The People’s Bank of China is expected to cut the one-year and five-year LPR by 20 basis points ING’s Notes and echo statement made Pan Gongsheng, governor of the People’s Bank of China, gave a speech on Friday.

ING also pointed out that the People’s Bank of China may issue a mid-term lending rate decision on Friday, but it is expected to remain unchanged at 2% after a 30 basis point cut last month.

“Beyond the data, it will be interesting to watch whether there are further government briefings or a possible announcement on the timing of the National People’s Congress meeting in the week ahead, as the rollout of stimulus measures remains a major theme in the market,” ING said.

Other key economic data this week will include October inflation data from Japan’s capital Tokyo, as well as South Korea’s third-quarter GDP data.

benchmark Nikkei 225 Index The Chicago futures contract was at 39,185 points, the Osaka futures contract was at 39,040 points, and the index’s last closing price was 38,981.75 points.

Hong Kong Futures Hang Seng Index The Hang Seng Index closed at 20,782 points, opening weaker than the Hang Seng Index closing at 20,804.11 points.

Australian S&P/ASX 200 Index Opening up 0.71%

In the United States, both S&P 500 Index and Dow Jones Industrial Average It surged to a record high on Friday, completing its sixth straight week of gains.

The broad market benchmark rose 0.40% to close at 5,864.67 points; the blue-chip Dow Jones Industrial Average rose 36.86 points, or 0.09%, to close at 43,275.91 points.

this Nasdaq IndexThe company ended the day up 0.63% at 18,489.55 points, driven by gains following Netflix’s earnings report.

—CNBC’s Lisa Kailai Han and Alex Harring contributed to this report.