Australia markets rebound as Hong Kong cancels morning session; China falls after Golden Week

Passengers wait for trains at Guangzhou South Railway Station on September 27, 2023, just days before the National Day and Mid-Autumn Festival holidays.

China News Service | China News Service | fake images

Asia-Pacific markets are mixed at the start of the week as Chinese markets return from a week-long Golden Week holiday.

Investors will be watching inflation readings and trade data from China and India later this week, as well as a monetary policy decision from Singapore's central bank.

Markets in Japan and South Korea are closed on Monday for a holiday.

In Australia, the S&P/ASX 200 rose 0.23% to finish at 6,970.2, breaking a five-day losing streak. This comes after the index fell below the 7,000 mark for the first time since March on Friday.

Futures for Hong Kong Hang Seng Index stood at 17,724, pointing to a stronger opening compared to the HSI's last close of 17,485.98.

Hong Kong's morning session was canceled after the city raised its typhoon warning to signal 8 for Typhoon Koinu. That warning was downgraded at 11:40 a.m. and Hong Kong markets are expected to resume trading in the afternoon.

Meanwhile, mainland Chinese markets weakened with the benchmark CSI 300 index falling about 0.49% after the Golden Week.

On Friday in the US, the three main indices met following the release of better-than-expected US employment data and a rise in Treasury yields.

He Dow Jones Industrial Average gained 0.87%, while the S&P 500 added 1.18%. heavy technology Nasdaq Composite posted the biggest gains, rising 1.6%.

However, traders will be watching the market reaction after Palestinian militants launched an unprecedented surprise attack over Israel over the weekend.

โ€”CNBC's Sarah Min and Hakyung Kim contributed to this report.

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