India inflation and industrial data in focus

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India inflation and industrial data in focus

A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India.

Amit Dave | Reuters

Asia-Pacific markets opened higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks.

Futures for benchmark U.S. indexes were lower as investors awaited key inflation data due later this week. Major Wall Street averages rose Friday, with the indexes making a sharp recovery from last week’s volatile market rout.

The Dow ended Friday down 0.6%, while the S&P 500 fell a slight 0.04%, and the tech-heavy Nasdaq Composite finished with a 0.18% loss.

In Asia, traders on Monday will assess inflation and industrial output data from India.

Economists polled by Reuters expect India’s year-on-year CPI inflation to fall sharply to 3.65% in July, from 5.08% in the previous month.

Meanwhile, India’s industrial output for June is expected to come in at 5.5%, slightly down from 5.9% in May.

Australia’s S&P/ASX 200 opened 0.75% higher.

South Korea’s Kospi opened with gains of 1.20%, while the small-cap Kosdaq was up 1.42%.

Hong Kong Hang Seng index futures were at 17,062, slightly lower than the HSI’s last close of 17,090.23.

Japan markets were closed for a holiday.

—CNBC’s Tanaya Macheel contributed to this report.

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