Asia markets poised to open lower ahead of GDP readings from Australia; Indian elections in focus

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Asia markets poised to open lower ahead of GDP readings from Australia; Indian elections in focus
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India’s election results will also be watched as the ruling BJP party lost its majority, although the wider BJP-led coalition has secured a majority

Asia-Pacific markets are largely set to fall as investors assess India's election results after Prime Minister Narendra Modi's Bharatiya Janata PartyNikkei 225

Many companies are in the AI infrastructure buildout phase right now. But will their millions to billions dollars' worth of investments pay off?Rosenberg Research founder David Rosenberg speaks in New York on Sept. 26, 2017. "The fact that equities are not responding well to the renewed pullback in Treasury yields and the swaps market beginning to price in a September rate cut is signaling something important: that stock market investors are also becoming concerned about the economic slowdown and what it means for the earnings outlook," Rosenberg said in a post on social media site

"I don't think that we need rate cuts for the market to go up," the chief global strategist told CNBC's"Squawk on the Street" on Tuesday."House view is for one cut, but all the way in December."Bank of America Securities clients were net sellers of U.S. equities last week, with tech stocks taking the biggest hit, according to the bank.

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