Aussie stocks open higher as investors digest China economic data, await Fed rate verdict

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Most Asian markets are set to open lower Monday as investors digest the downbeat economic data from China that cast a gloomier prospect of its economy.

Markets in mainland China and South Korea are closed Monday for Mid-Autumn festival. Japan markets are closed for are closed for the Respect for the Aged Day.Typhoon Bebinca has led to cancellation of hundreds of flights in China and Shanghai is expected to be hit by the strongest storm since 1949.Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays.

Markets in mainland China and South Korea were closed for Mid-Autumn festival. Japan markets were closed for Respect for the Aged Day. Typhoon Bebinca has led to cancellation of hundreds of flights in China and Shanghai is expected to be hit by the strongest storm since 1949.

 

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