Hong Kong’s Hang Seng down 4% in mixed Asia trade; Japan’s yen weakens despite reports of intervention

On Friday in the U.S., the Dow Jones Industrial Average jumped 748.97 points, or 2.47%, to close at 31,082.56. The S&P 500 added 2.37% to 3,752.75. The Nasdaq Composite climbed 2.31% to 10,859.72.

The Communist Party of China’s 20th National Congress closed over the weekend, with President Xi Jinping’s loyalists tapped to form a core leadership group.

Singapore, Malaysia and India’s markets are closed for a holiday Monday. Later this week, the Bank of Japan will meet, while Singapore and Australia are expected to release inflation data.