Sensex, Nifty may witness a strong start on Monday. Beijing’s clampdown on private industries is set to shadow the market open in China and Hong Kong later. US treasury secretary Janet Yellen endorsed Jerome Powell for a second term as Fed chair, a move that could reduce uncertainty about the path for monetary policy amid risks from inflation and the coronavirus.
Asian stocks open higher
Asian stocks rose early Monday as traders sought to take advantage of last week’s selloff while weighing risks from the delta virus strain and China’s regulatory curbs. The dollar was firm. Shares climbed in Japan, South Korea and Australia. US equity futures edged higher after an advance in the S&P 500 and tech-heavy Nasdaq 100 at the end of last week. The dollar held its recent advance on haven demand due to the impact of the delta variant. Treasuries were little changed ahead of the Jackson Hole symposium from Thursday, which may offer insights into how the Federal Reserve plans to taper bond purchases.
S&P 500 futures rose 0.1% as of 9:20 a.m. in Tokyo. The S&P 500 rose 0.8% Friday
Nasdaq 100 futures rose 0.2%. The Nasdaq 100 climbed 1.1%
Japan’s Topix index rose 1.4%
Australia’s S&P/ASX 200 Index added 0.3%
South Korea’s Kospi index gained 0.4%
Hang Seng Index futures increased 0.8% earlier
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