Hang Seng Index, CSI 300, Kospi, Nikkei 225

Asia-Pacific markets traded mostly higher on Monday as investors awaited trade data from China later in the day.

Economists surveyed by Reuters expect China’s exports to rise 3.8% in November from a year earlier, reversing a 1.1% contraction in October. Imports are expected to increase by 1% to 3% in the same period compared to the previous month.

Japan’s reference point Nikkei 225 It rose 0.18% while Topix rose 0.15%. South Korea’s kospi It rose 0.2% and the small-cap Kosdaq traded 0.37% higher.

Revisions released by Tokyo on Monday It shows that Japan’s economy contracted more sharply between July and September than initial estimates. Official data showed that GDP fell by 2.3% year-on-year in the third quarter; This was worse than economists’ median forecast for a decline of 2.0% and the initial reading of 1.8%.

In Australia, the ASX/S&P 200 lost 0.17%. Investors will be monitoring the Reserve Bank of Australia’s upcoming decision as it begins its two-day meeting.

The Reserve Bank of Australia is expected to keep the cash rate at 3.60% on Tuesday and keep it at that level until 2026, according to a Reuters poll of economists.

Hong Kong futures Hang Seng Index It was traded at 26,121 compared to the index’s previous close of 26,085.08, indicating a higher opening.

Three major averages closed higher in the US last Friday as the market entered a new round of US economic data. The S&P 500 rose to secure its fourth consecutive winning day, closing 0.19% higher at 6,870.40 and placing the index about 0.7% behind its intraday record.

The Nasdaq Composite rose 0.31% to 23,578.13 points, while the Dow Jones Industrial Average rose 104.05 points, or 0.22%, to end the day at 47,954.99 points.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.