Japan and South Korea return to trade for the first day after the Hamas attack.
Asia-Pacific markets are set to rise across the board, as markets rally despite pressures from the attack on Israel by Palestinian militant group Hamas.is also set for a stronger open as it returns from a public holiday, with the futures contract in Chicago at 31,320 and its counterpart in Osaka at 31,270 against the index's last close of 30,994.67.stood at 17,658, pointing to a positive open compared with the HSI's close of 17,517.4.
Overnight in the U.S., all three major indexes reversed losses in the earlier part of the trading day to gain ground. TheAll sectors ended Monday in the green, led by gains in energy and industrials, which closed higher by 3.5%, and 1.6%, respectively. Oil and natural-gas prices jumped during the day, driven by Hamas' attack on Israel and Israel's ensuing battle against the Hamas militants, leading to concerns about the region's oil supply.
Although the bond market is closed for Columbus Day, 10-year Treasury futures added about 0.67%, the five-year gained 0.50% and the two-year by 0.20%.Defense stocks surged Monday as the Israel-Hamas conflict sparked concerns of geopolitical instability, making them the broad market index's biggest gainers as of Monday afternoon.
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