Asia markets set to rise as investors come back from long weekend

MUMBAI, MAHARASHTRA, INDIA – 2022/10/06: Persons are seen taking pictures of the Metropolis of Mumbai skyline. (Photograph by Ashish Vaishnav/SOPA Photographs/LightRocket by way of Getty Photographs)

Sopa Photographs | Lightrocket | Getty Photographs

Asia-Pacific markets are set to rise on Monday as buyers in Hong Kong and Singapore come again from a protracted weekend.

Australian markets stay closed because the nation has a 4 day weekend attributable to Easter Monday.

Japan’s Nikkei futures contract in Chicago was at 27,705, whereas its counterpart in Osaka was at 27,650 in opposition to the Nikkei 225’s final shut at 27,518.31.

Futures for the Hang Seng index are additionally buying and selling larger, standing at 20,556 in opposition to the index’s final shut of 20,331.

India will launch its fiscal deficit figures for March, in addition to its March commerce knowledge, whereas Indonesia’s retail gross sales for February can even be out.

Final week, U.S. shares wrapped up a brief buying and selling week on Thursday with all three main indexes posting features.

The S&P 500 rose 0.36%, whereas the tech-heavy Nasdaq Composite outperformed with a 0.76% acquire, boosted by an increase in Alphabet and Microsoft shares.

The Dow Jones Industrial Average inched up marginally 2.57 factors larger to 33,485.29 after dropping greater than 150 factors at its session low.

— CNBC’s Yun Li and Alex Harring contributed to this report

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