SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to Chinese economic data releases expected later in the day.
Preliminary estimates released Monday showed Japan’s gross domestic product declining an annualized 3% in the July-September quarter, far worse than the median market forecast for a 0.8% contraction, according to Reuters.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.15% higher.
China is set to release a slew of economic data, including industrial production and retail sales for October, at 10:00 a.m. HK/SIN.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.136 following a recent rise from below 94.5.
The Japanese yen traded at 113.97 per dollar, following last week’s weakening from levels below 113 against the greenback The Australian dollar was at $0.7332, having slipped from above $0.74 last week.