On Monday, Asia-Pacific markets exhibited positive performance as investors analyzed the recent batch of economic data released from China. China’s GDP increased by 4.8% in the third quarter compared to the same period last year, aligning with the forecasts of analysts surveyed by Reuters. The Asian giant maintained its benchmark lending rates, aligning with forecasts, as the one-year loan prime rate remains at 3%. Hong Kong’s Hang Seng Index increased by more than 2.52%, whereas the mainland’s CSI 300 experienced a rise of 0.53%, reaching 4,538.22.

Japan’s Nikkei 225 surged 3.37% to finish at a new record high of 49,185.5, while the Topix increased by 2.46% to conclude the trading session at 3,248.45, following reports that the Liberal Democratic Party and the Japan Restoration Party have successfully negotiated a coalition government. South Korea’s Kospi increased by 1.76%, closing at 3,814.69, following a record high for the third consecutive day last Friday. Meanwhile, the small-cap Kosdaq rose by 1.89%, finishing the trading day at 875.77. Australia’s S&P/ASX 200 experienced an increase of 0.41%, concluding the session at 9,031.9.

On the previous Friday in the United States, the three principal averages concluded the trading session with gains. The Dow Jones Industrial Average experienced an increase on Friday as market participants processed the United States’ easing stance regarding trade discussions with China, while also attempting to overcome the credit issues that led to a significant decline in regional banks the previous day in the domestic market.

The Dow concluded the trading session with an increase of 238.37 points, representing a rise of 0.52%, closing at 46,190.61. The S&P 500 concluded the day with a gain of 0.53%, closing at 6,664.01, whereas the Nasdaq Composite experienced an increase of 0.52%, finishing at 22,679.98.