Asian stocks rose after a rally from Wall Street tech shares, with investors looking ahead to crucial U.S. inflation data due on Tuesday.
Stocks rose in Japan and Hong Kong, while stocks in mainland China and Australia were slightly lower.
These moves followed the Nasdaq 100’s 2.3% gain on Friday, supported by a record rally for Microsoft shares. The S&P 500 rose 1.6%. U.S. stock futures fell in the morning session in Asia.
Australian and New Zealand government bonds fell after Friday’s short-term Treasury bond sale. These declines failed to affect long-term bonds.
The yield on 30-year bonds remained largely unchanged, while the yield on 10-year bonds rose by three basis points.
U.S. Treasury bonds and the dollar settled on Monday.
All eyes are on upcoming U.S. consumer price data, which is expected to show inflation falling to an annual rate of 3.3% in October, down from 3.7% the previous month.