Asia Mixed on Taiwan Elections, Ahead of China MLF: Markets Wrap

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(Bloomberg) — Asian stocks are poised for a broadly mixed open in the wake of reinforced bets of Federal Reserve rate cuts and Taiwan’s election at the weekend. China may cut its 1-year medium-term lending facility later today.

Australian shares slipped and equity futures in Japan fell, while contracts for Hong Kong benchmarks pointed to a rise. US stock futures declined during Asian trading after the S&P 500 closed little changed Friday. Prices paid to US producers extended their retreat in December, solidifying bets of a March Fed rate cut. Cash trading of Treasuries are closed due to a US public holiday.