China optimism gives lift to Asian equities

RECAP: Asian shares mostly rose on Friday, led by China, amid speculation that Beijing will provide more support for the economy at a key policy meeting in December.
NEWSMAKERS: China and Mexico lashed out after Donald Trump threatened to begin his presidency with a trade war against the top three US economic partners. The president-elect has threatened 25% import tariffs against neighbours Canada and Mexico if they don’t stop illegal immigration and drug smuggling into the United States. China would face 10% tariffs on all goods.
COMING UP: On Monday, the US reports construction spending and manufacturing PMI, and the euro zone updates unemployment figures. Tuesday brings updates on US job openings, and Japanese and Chinese services PMI. On Wednesday, the US reports services and non-manufacturing PMI, and Fed chairman Jerome Powell speaks. On Thursday, the US reports October trade data and the Reserve Bank of India holds a rate meeting. Friday brings US payrolls and unemployment, and Chinese trade figures.
STOCKS TO WATCH: InnovestX Securities recommends firms expected to report strong Q4 profit with potential for further growth, including GULF, OSP, CBG, AMATA, AU, TIDLOR and BCP. Stocks with a dividend yield of at least 3.5% and expected to be targets of Vayupak and other tax-deductible funds include BBL, ADVANC and HMPRO.
TECHNICAL VIEW: InnovestX Securities sees support at 1,410 points and resistance at 1,440. Asia Plus Securities sees support at 1,407 and resistance at 1,450.