Asian Equities Gain as Tech Rebound Boosts Sentiment

Asian stock markets mostly traded higher on Monday, reflecting a positive sentiment stemming from a rebound in the technology sector on Wall Street during Friday's session. Investors are closely monitoring upcoming economic data this week for indications on global growth and inflation trends.

Key exchanges across the region saw varied performance, with several major indices posting modest gains. The semiconductor sector, however, experienced some weakness, partially offsetting broader market strength. Oil prices steadied after recent fluctuations, while foreign exchange markets remained relatively calm ahead of significant policy announcements.

Upcoming Economic Data

Market participants are awaiting critical economic indicators throughout the week that could influence central bank policies and market direction. Focus will be on US jobs data, including the Non-Farm Payrolls report, which is expected to provide insights into the labor market's health. Additionally, China's Purchasing Managers' Index (PMI) readings are due, offering an update on manufacturing and service sector activity in the world's second-largest economy.

Further attention will be given to any potential policy adjustments from the People's Bank of China (PBoC). Investors will also track currency movements, particularly against the US dollar, as central bank rhetoric and economic releases guide expectations for interest rates and capital flows. The comprehensive US jobs report will be released on Friday, July 5.