Asian stocks are poised for a broadly mixed open in the wake of strengthening bets on a Federal Reserve interest rate cut and Taiwan’s elections at the end of the week. China may reduce its one-year medium-term lending facility later today.
Australian shares fell Stock futures In Japan, it fell, while Hong Kong index futures pointed to the rise. US stock futures fell during Asian trading after the S&P 500 index closed little changed on Friday. Prices paid to US producers continued to decline in December, boosting bets on a Fed rate cut in March. Cash trading of Treasury bonds is closed due to a public holiday in the United States.