China Caixin PMI, India elections

Most major Asia-Pacific stock markets were set to open higher Monday ahead of a private survey on China’s manufacturing sector.

The Caixin manufacturing survey will follow official data from Friday that showed China’s manufacturing sector unexpectedly contracted in May.

Investors will also focus on India markets as exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power.

Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 38,770 and its counterpart in Osaka at 38,750 against the index’s last close of 38,487.90.

In Australia, futures for the S&P/ASX 200 also pointed to a higher open, at 7,757 compared to the last close of 7,701.70.

Futures for Hong Kong’s Hang Seng index stood at 18,081, pointing to a marginally higher open compared to the HSI’s close of 18,079.61.

Wall Street futures were calm ahead of the first trading day in June, with the Dow Jones Industrial Average futures up 25 points, or less than 0.1%. 

S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%.

The main indexes are coming off a strong May, with all three notching their sixth positive month in seven. The Nasdaq Composite rose 6.9%, its best month since November 2023.

— CNBC’s Jesse Pound contributed to this report.