Asia-Pacific markets were set to climb Monday as investors look toward benchmark lending rate decisions coming out of China later in the day.
The one-year rate influences most new and outstanding loans, while the five-year benchmark affects mortgages.
Australia’s S&P/ASX 200 rose 0.54% in early trade.
Japan’s Nikkei 225
futures pointed to a stronger open, with the futures contract in Chicago at 50,565 and its counterpart in Osaka at 50,330, compared to the previous close of 49,507.21. The Bank of Japan raised its policy rate by 25 basis points to 0.75% —a three-decade high— last Friday.
