Asia Stocks Eye Early Gains Into China Policy Week: Markets Wrap

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(Bloomberg) — Asian stocks are poised for early gains Monday, tracking US shares higher into a week that includes Federal Reserve boss Jerome Powell’s congressional testimony and China’s National People’s Congress.

Australian shares were steady while equity futures in Japan, Hong Kong and mainland China were all up. US futures contracts were little changed in Asia after the S&P 500 hit yet another fresh record Friday. The yield on policy sensitive two-year Treasuries fell nine basis points to 4.53% following weaker than expected activity data and cautious comments from Fed officials.