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asia pacific markets rise ahead of us elections and china parliament meeting
Asia-Pacific markets rose as investors prepared for a week of significant events, including the U.S. presidential election and the Federal Reserve's monetary policy meeting. China's parliament meeting is expected to reveal fiscal support details, while South Korea anticipates a decline in consumer inflation. Additionally, Australia's central bank is likely to maintain its interest rate at 4.35%.
Japan election results spark political uncertainty and mixed stock futures
Japan's stock futures showed mixed results following a closely contested election where the ruling Liberal Democratic Party lost its majority in the lower house, securing 214 of 465 seats. The yen weakened to 152.95, while futures for the Nikkei 225 indicated potential volatility at the market open. Meanwhile, the Hang Seng index futures pointed to a slightly weaker start, and Australia's S&P/ASX 200 began the day marginally lower.
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