• Hong Kong stocks were poised for gains on Tuesday following a rally in US-listed Chinese shares overnight. Other Asian stocks were set for a cautious opening ahead of key US inflation data this week.
• Equity futures for Hong Kong rose after the Golden Dragon Index surged on Monday to the highest level since September, spurred by an 11% gain in Tencent Music Entertainment after the online platform reported first-quarter results that beat expectations. Equity futures pointed to little change in Tokyo and Sydney shares on Tuesday.
• In Asia, investors welcomed China’s announcement it will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds this week. President Xi Jinping’s government is stepping up fiscal support to help the economy, which is facing pressure from a housing crisis and weak consumer confidence.