Futures for Hong Kong's Hang Seng Index signal a 4% rise for the index at open. HSI futures were at 19,763, compared to the index's last close of 19,000. Investors will also be watching Australia's inflation numbers on Wednesday,

The move from Avolta takes advantage of a slow market in China and its impact on Hong Kong where Free Duty is based. It will add an estimated $300 million revenue in FY2024.

Asia-Pacific markets trade mixed on Monday after the People’s Bank of China unexpectedly lowered a key short-term rate and pump more liquidity into the financial system ahead of