Hong Kong Street Scene, Mongkok District with busses
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Asia-Pacific markets rose at the end of the week, with investors awaiting a fresh round of data for more clues on the health of services activity through the region.
Services purchasing managers’ index data from major economies including China and India are set to be released throughout the day.
Hong Kong’s private sector activity contracted further in October as new business, including that from mainland China continues to fall, according to a survey by S&P Global.
Hong Kong’s Hang Seng index strengthened 1.26% at open, while China’s CSI 300 rose 0.3%.
South Korea’s Kospi rose 1%, while the Kosdaq was up 0.66%. In Australia, the S&P/ASX 200 traded about 1.18% higher.
Japan markets were shut for a public holiday.
Wall Street indexes rose on Thursday as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023.
The Dow Jones Industrial Average ended 1.7%, higher, its best day since June. The S&P 500 added 1.89%, the first time the S&P 500 posted back-to-back gains of more than 1% since February.
The Nasdaq Composite climbed 1.78%, marking its best session since July.
— CNBC’s Sarah Min and Alex Harring contributed to this report