Asia-Pacific markets were mostly poised for a higher open Monday, after artificial intelligence valuation concerns fuelled declines in markets across the region last week.
Investors in Asia are also assessing October inflation data from China out over the weekend, which came in above expectations.
Headline consumer inflation was at 0.2% year on year, compared to expectations of zero growth from economists polled by Reuters. Wholesale inflation saw a softer-than-expected drop of 2.1% year on year, against the expected 2.2% decline.
Japan’s Nikkei 225
futures pointed to a stronger open for the market, with the futures contract in Chicago at 50,920, and its counterpart in Osaka at 50,410, compared with its Friday close of 50,276.37.
