Asia markets open lower after major U.S. indexes slip; India braces for largest-ever IPO

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Asia markets open lower after major U.S. indexes slip; India braces for largest-ever IPO
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Investors will be watching the $3.3 billion trading debut of Hyundai India.

Investors in Asia will see a light day in terms of economic data. But they will be watching the 278.56 billion rupee trading debut of Hyundai India on the country's stock exchange, which is reportedly set to be India's largest ever IPO.Minneapolis Fed President Neel Kashkari, noting the U.S.' resilient economy and strong labor market, said the longer term trajectory for interest rates could be higher than it has in the past.

'If gold doesn't rally now, then I'm not sure when it ever will. Actually, I think the fundamental backdrop looks actually quite good," he told CNBC's"Squawk Box Europe" on Monday.Scotiabank has highlighted three biotechnology companies as their"top picks," each with the potential to more than double in stock price over the next 12 months.

"As neither party holds a clear advantage in any of the key swing states that could decide the outcome, the race remains too close to call, and we expect volatility to pick up in the coming weeks amid elevated uncertainty," UBS Global Wealth Management chief investment officer Solita Marcelli wrote Monday.

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