Asia markets to rise as investors further digest China's modest growth target
Investors further digested China's modest set growth target and looked ahead to a week of economic data releases and central bank decisions. They were relieved that Beijing had not set an aggressive growth target for 2020 after last year's 6% expansion, the weakest in nearly three decades. Analyst
Asia-Pacific stocks were expected to trade higher Monday after investors digested China’s growth target in its parliamentary sessions. They also looked ahead to the week's economic data.
In Australia, the S&P/ASX 200 rose 0.6% ahead of the Reserve Bank of Australia's decision Tuesday, with economists surveyed by Reuters expecting to see a 25 basis point hike in its cash rate.
The Nikkei futures contract in Chicago was at 28,196 and its counterpart in Osaka was at 28,210, up against the Nikkei 225's last close at 27,927.47. South Korea's inflation showed further easing in February.
Futures for the Hang Seng index