Tiananmen, Gate of Heavenly Peace, Beijing
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Asia-Pacific markets climbed across the board on Monday, tracking Wall Street gains with the S&P500 surpassing its all-time high on Friday.
The broad market index rose 1.23% to settle at 4,839.81, crossing both the record intraday and closing highs from January 2022.
The Dow Jones Industrial Average, which set its own all-time high at the end of last year, added 1.05%, while the Nasdaq Composite advanced 1.70%.
Investors in Asia will be watching China’s one- and five-year loan prime rates, which currently stand at 3.45% and 4.2%, respectively.
Futures for Hong Kong’s Hang Seng index stood at 15,470, pointing to a stronger open compared with the HSI’s close of 15,308.69. The HSI is near a 15-month low of 14,687.02 hit on Oct. 31, 2022.
In Australia, the S&P/ASX 200 started the week up 0.48%, extending gains from Friday.
Japan’s Nikkei 225 tested fresh 33-year highs, gaining 1.23%, while the Topix rose 0.91%.
South Korea’s Kospi looks set to rise for a third straight day, up 0.18%. The small-cap Kosdaq gained 0.23%.
The Bank of Japan also kicks off its two-day monetary policy meeting, and will announce its monetary policy decision on Tuesday.
Later in the week, Japan will release its trade balances for December on Tuesday and January inflation numbers for Tokyo on Friday.
South Korea will also release its gross domestic product figures for the fourth quarter of 2023 on Wednesday.
— CNBC’s Hakyung Kim and Lisa Kailai Han contributed to this report
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