Asian equities are headed for a positive session on Monday, tracking a strong U.S. lead, while investors focus on developments in China. Australia’s benchmark S&P ASX 200 popped over 1 percent to its highest level since September 26, up for the third straight session.
Transfield Services was in focus after the infrastructure firm rejected a A$1 billion takeover offer from Spain’s Ferrovial. Downer EDI climbed over 4 percent after announcing it will buy Tenix Holdings for A$300 million.
Japanese shares are set to rebound after ending at a more than four-month low on Friday. Osaka futures rallied nearly 2 percent to 14,780 while Chicago futures added 0.5 percent to 14,975; both well above the benchmark Nikkei’s close of 14,532.
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