Investors have been watching for signs of policy support from Chinese authorities as the mainland continues to grapple with its worst Covid outbreak since the initial shock of the pandemic in 2020.overnight gains on Wall Street
that saw the tech-heavy Nasdaq Composite surging more than 2%. Investors will also watch for the release of China's latest benchmark lending rate, expected later today. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,260 while its counterpart in Osaka was at 27,210. That compared against theAustralian stocks also looked poised for a higher start, with the SPI futures contract at 7,581, against theChina is set to announce its latest one-year loan prime rate at 9:15 a.m. HK/SIN. A majority of the traders and analysts surveyed in a snap Reuters poll expect a cut in the loan prime rate this month.
Investors have been watching for signs of policy support from Chinese authorities as the mainland continues to grapple with its worst Covid outbreak since the initial shock of the pandemic in 2020.