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Commercial and residential buildings are seen from the roof of Lotte Corp. World Tower at sunset in Seoul, South Korea, Tuesday, Nov. 28, 2023.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets are expected to open mixed on Monday as investors look ahead to a busy week of economic data and assess China's business activity figures released over the weekend.
Among the economic data due from major Asian markets are inflation data from South Korea, second-quarter GDP data from Australia, as well as wages and household spending data from Japan later this week.
China released its official PMI data for August. The manufacturing PMI fell to 1.2%. Six-month low at 49.1a faster contraction than the 49.4 recorded in July.
The figure was also below the median forecast of 49.5 among economists polled by Reuters, keeping the index in contraction territory for the fourth straight month.
On the other hand, China's non-manufacturing PMI rose to 50.3 points, compared to 50.2 points in July.
Australia's S&P/ASX 200 futures were flat at 8,031, down from an all-time high of 8,091.9.
Japan Nikkei 225 Index Futures pointed to a stronger open, with Chicago futures at 39,020 and Osaka futures at 39,010 compared to the previous close of 38,647.75.
If futures forecasts prove correct, this will be the first time the Nikkei has crossed the 39,000 level since July 31.
Hong Kong Hang Seng Index Hangzhou Financial Index futures were at 17,785, below the index's last close of 17,989.07.
The Dow Jones Industrial Average in the United States hit a new record high on Friday, with the blue-chip index jumping 0.55% to close at 41,563.08 points. The S&P 500 advanced 1.01%, while the technology-heavy Nasdaq Composite rose 1.13%.
On Friday, traders also assessed key inflation data that the Federal Reserve is closely watching.
The personal consumption expenditures price index rose 0.2% on a monthly basis in July and 2.5% from a year earlier, in line with economists polled by Dow Jones.
Excluding food and energy, the index also rose 0.2% from the previous month.
—CNBC's Lisa Kaylai Han and Pia Singh contributed to this report.
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