Asia stocks rise with China stimulus, US elections in focus

Investing.com-- Most Asian stocks rose on Monday with investors looking to more cues on fiscal stimulus from a meeting of China’s top policymakers this week, although risk aversion before the U.S. elections kept gains limited.

Recent reports said the body could approve an additional $1.4 trillion in new debt over the coming years to boost growth, especially as the Chinese economy grapples with persistent deflation and a prolonged property market crash. The RBA is also expected to flag a potential delay in any plans to cut interest rates, due to sticky inflation and strength in the job market. ANZ expects the central bank to only begin cutting rates in the first quarter of 2025.

Recent polls showed Donald Trump and Kamala Harris were set for a tight race on Tuesday. Increased speculation over a Trump victory had pressured Asian markets in recent sessions, given that Trump has vowed to impose steep trade tariffs on China.index pointed to a flat open, as Indian stocks struggled after tumbling from record highs in October. More key Indian earnings are also due this week.

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