Asia markets poised to rise ahead of business activity surveys out of China

SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. Asia-Pacific markets are set to largely rise ahead of business activity data and inflation reports from countries around the region this week.

For Monday, China will see the official release of its purchasing managers index in July for both the manufacturing and non-manufacturing sector. Expectations from economists polled by Reuters are that the PMI for the manufacturing sector will come in at 49.2, which will mean that the sector will stay in contraction territory for a fourth straight month.stood at 20,160, pointing to a stronger open compared to compared to the HSI's close of 19,916.56. This would be the first time that the HSI breached the 20,000 mark in over a month.

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