Hong Kong's Hang Seng index extended its rally and climbed 2.6% on the back of stimulus measures from China. Australia's consumer price index posted a 2.7% rise year on year in August, in line with expectations from economists polled by Reuters and easing from the 3.

The move from Avolta takes advantage of a slow market in China and its impact on Hong Kong where Free Duty is based. It will add an estimated $300 million revenue in FY2024.

Asia-Pacific markets trade mixed on Monday after the People’s Bank of China unexpectedly lowered a key short-term rate and pump more liquidity into the financial system ahead of

Investors in Asia will look toward Australia's inflation rate for August, which is expected to ease to 2.7% from 3.5%.