{"id":107790,"date":"2024-11-04T10:26:18","date_gmt":"2024-11-04T06:26:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107790"},"modified":"2024-11-04T10:26:21","modified_gmt":"2024-11-04T06:26:21","slug":"asian-markets-rise-as-chinas-npc-meeting-fuels-fiscal-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/asian-markets-rise-as-chinas-npc-meeting-fuels-fiscal-stimulus-hopes\/11\/04\/market-updates\/","title":{"rendered":"Asian Markets Rise as China\u2019s NPC Meeting Fuels Fiscal Stimulus Hopes"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Most Asian stocks saw gains on Monday as investors awaited potential fiscal support announcements from China&#8217;s top policymakers. However, the rise was cautious, with investors also bracing for the U.S. Federal Reserve meeting and the upcoming U.S. presidential election.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Developments:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Low Trading Volumes<\/strong>: Market activity was subdued due to a holiday in Japan, with the Nikkei 225 futures down 0.2%.<\/li>\n\n\n\n<li><strong>U.S. Jobs Data Boosts Rate Cut Hopes<\/strong>: A softer-than-expected U.S. nonfarm payrolls report last Friday increased bets that the Federal Reserve might consider more rate cuts, steadying U.S. stock trading in the Asian session.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Chinese Stocks Up on Fiscal Stimulus Expectations<\/h3>\n\n\n\n<p>Chinese markets reacted positively as the <strong>National People\u2019s Congress (NPC) Standing Committee<\/strong> began a four-day meeting. Investors anticipate the committee might approve an additional $1.4 trillion in new debt to bolster economic growth amidst challenges like deflation and the property market downturn. Both <strong>Shanghai Shenzhen CSI 300<\/strong> and <strong>Shanghai Composite<\/strong> indices saw gains of 0.5% and 0.3%, respectively, while <strong>Hong Kong\u2019s Hang Seng<\/strong> index rose 0.7%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Australia\u2019s ASX 200 Edges Higher, RBA in Focus<\/h3>\n\n\n\n<p>Australia\u2019s <strong>ASX 200<\/strong> gained 0.3%, driven by anticipation of Tuesday&#8217;s Reserve Bank of Australia (RBA) meeting. While rates are expected to remain unchanged, the RBA might lean towards a hawkish stance due to persistent inflation. ANZ forecasts rate cuts may not occur until early 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mixed Sentiment Across Broader Asian Markets<\/h3>\n\n\n\n<p>In <strong>South Korea<\/strong>, the <strong>KOSPI<\/strong> surged 1.4%, led by gains in the semiconductor sector, while <strong>India\u2019s Nifty 50<\/strong> futures indicated a flat open amid a series of key earnings reports due later this week. Recent polls indicating a close U.S. presidential race between <strong>Donald Trump and Kamala Harris<\/strong> have added to market caution, especially with Trump\u2019s tariff stance on China posing potential trade risks for the region.<\/p>\n\n\n\n<p>Overall, the focus this week remains on the NPC meeting outcomes, U.S. Fed decisions, and election results, as investors assess the potential impacts on both regional and global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most Asian stocks saw gains on Monday as investors awaited potential fiscal support announcements from China&#8217;s top policymakers. However, the rise was cautious, with investors also bracing for the U.S. Federal Reserve meeting and the upcoming U.S. presidential election. Key Developments: Low Trading Volumes: Market activity was subdued due to a holiday in Japan, with &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49,39,36],"tags":[6849,6851],"class_list":["post-107790","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107790"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107790\/revisions"}],"predecessor-version":[{"id":107791,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107790\/revisions\/107791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}