Asia-Pacific markets set to rise as investors await further stimulus from China
Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia. Australia tourism, modern city life, or business finance and economy concept
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Asia-Pacific markets are set to open higher Monday as investors await further stimulus measures from China as well as developments in trade negotiations between the U.S. and countries in the region.
Over the weekend, China's finance minister Lan Fo'an said that the Asian powerhouse will "adopt more proactive macroeconomic policies to promote the realization of the expected growth target for the whole year and continue to bring stability and momentum to the global economy," according to a Google translation of a statement posted on the ministry's website.
Chinese authorities, including the People's Bank of China, are slated to hold a press conference later in the day.
Investors are also keeping tabs on developments in trade negotiations between the U.S. and countries in the region, after U.S. President Donald Trump indicated that another pause to his "reciprocal tariffs" was unlikely, according to Bloomberg reports.
Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 36,040 while its counterpart in Osaka last traded at 36,030, against the index's Friday close of 35,705.74.
Futures for Hong Kong's Hang Seng Index stood at 22,055, pointing to a stronger open compared to the HSI's last close of 21,980.74.
Meanwhile, futures tied to Australia's S&P/ASX 200 were last seen at 8,078, higher than the index's last close of 7,968.20.
— CNBC's Lisa Kailai Han and Sean Conlon contributed to this report.
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