Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts.
Nikada | E+ | Getty Images
Asia-Pacific markets are set to mostly climb on Monday, with investors keeping a close watch on Chinese equities.
The Chinese government on Sunday announced that it would take steps to revive consumption by boosting people’s incomes, state media Xinhua News Agency reported, citing a statement from the State Council.
Other measures included plans to stabilize the stock and real estate market and raising the country’s birth rate, the report added.
Investors will be parsing through a swathe of data points from China on Monday, including industrial production, urban investment, retail sales and urban unemployment rate.
Reuters estimates forecast a 3.6% year-on-year growth in the country’s urban investment rate in February, up from 3.2% in the month before. A separate poll pencils a 4% expansion in retail sales in February, from 3.7% in January.
Australia’s S&P/ASX 200 started the day 0.78% higher.
Over in Japan, the benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 37,315, while its counterpart in Osaka last traded at 37,270, against the index’s last close of 37,053.10.
Futures for Hong Kong’s Hang Seng index stood at 24,217 pointing to a stronger open compared to the HSI’s close of 23,959.98
In the U.S., stocks rallied and clawed back some of the week’s losses on Friday following much-needed reprieve from news surrounding tariffs.
The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, and the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in 2025 for both the S&P 500 and the Nasdaq.
Big tech shares that were rattled earlier this week saw a sharp recovery on Friday. Nvidia shares popped more than 5%. Tesla jumped nearly 4%, and Meta Platforms gained close to 3%. Amazon and Apple also rose.
— CNBC’s Lisa Kailai Han and Alex Harring contributed to this report.
