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Asian stocks rise ahead of US economic data amid virus fears

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BEIJING – Asian stocks rose Monday as investors looked ahead to quarterly U.S. economic data amid unease about anti-coronavirus curbs on business and wrangling over the American presidential election.Market benchmarks in Shanghai, Seoul and Sydney rose while Hong Kong retreated.

Japanese markets were closed for a holiday.Investors looked ahead to third-quarter U.S. economic growth data due out Wednesday after Wall Street’s benchmark S&P 500 index ended last week down as rising infection numbers collided with optimism about a possible vaccine.

Also Wednesday, the U.S. Federal Reserve is due to report on its latest meeting, though no surprises are expected.Investors have been rattled by decisions to re-impose anti-virus controls in the United.

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