Trump Assassination Attempt & China's Economic Outlook: Asian Markets React

Asia Markets React to Trump Assassination Attempt and China's Economic Data

Asian markets climbed on Monday as investors assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. Meanwhile, anticipation for China's Third Plenum, a key meeting focused on economic policy, also fueled market activity.

Trump's Assassination Attempt:

David Roche, president of Quantum Strategy, predicted that Trump would win the presidency with an increased chance of a Republican sweep of both the House and Senate, despite the attempted assassination.

China's Third Plenum:

The Third Plenum is expected to address key economic issues such as high local government debt levels and the push for advanced manufacturing. Analysts anticipate less focus on the real estate sector.

China's Economic Outlook:

Key economic data, including China's second quarter GDP numbers, will be released on Monday. Economists expect a 5.1% year-on-year growth, slightly slower than the 5.3% seen in the first quarter.

Market Performance:

• South Korea's Kospi: Up 0.44%
• Kosdaq: Up 0.22%
• Australia's S&P/ASX 200: Up 0.78%, hitting a fresh all-time high
• Hong Kong Hang Seng index futures: Lower than the previous close
• U.S. market futures: Marginally up late Sunday night

Key Takeaways:

• The assassination attempt on Trump and the upcoming China Third Plenum are major factors influencing Asian markets.
• China's GDP is expected to grow at a slower pace in the second quarter.
• Investors are closely watching developments in both the U.S. and China.