Asia Markets React to China News, Biden-Xi Meeting, and US Inflation Report

Asian markets are expected to start the week with a strong rally following Wall Street's surge on Friday. China will be in the spotlight with a U.S.-Sino Presidential meeting, a slew of economic data releases, and corporate earnings reports from major companies such as JD.com, Tencent Holdings, Alibaba Group, and Lenovo. Financial conditions in Japan are at their loosest in almost 34 years, but economic activity is not meeting expectations. Other highlights this week include preliminary Japanese GDP, Indian inflation, and a policy decision from the Philippine central bank.