Asia-Pacific stocks set for mixed start; Meituan earnings ahead

U.S. Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year, though there is still "much ground to cover" before rate hikes.

SINGAPORE — Shares in Asia-Pacific were set for a mixed start on Monday as investors look ahead to the release of Chinese food delivery giantFutures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,880 while its counterpart in Osaka was at 27,860. That compared against theShares in Australia, meanwhile, looked set to dip. The SPI futures contract was at 7,441.

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