Global Markets: Asian shares buoyed by China optimism, markets eye U.S. presidential debate - Reuters

The index is set to end the month deep in the red after three straight monthly gains as the coronavirus pandemic continues to wreak economic havoc around the world and raises investor anxiety about sky-high valuations.

Presidential debate on Tuesday and on fears a spike in new coronavirus cases in Europe could dent the global economic recovery.

The blue-chip CSI 300 index was last up 0.3%, paring some of the early gains.

That has in turn has lent support to the global recovery, though the spike in worldwide COVID-19 cases has raised fresh risks.

The broad gains in Asia follow a Wall Street rally on Friday though analysts expect the gains to be short-lived as expectations for economic growth start to falter.

Particularly worrying is a resurgence of COVID-19 cases in Europe, dousing earlier hopes that authorities might have started to exert some control on the outbreak and raising further strains on businesses already grappling with losses.

and Europe grapples with a resurgence in COVID-19 cases,” Kerry Craig, Global Market Strategist, J.P.

In commodities, oil prices came under pressure as renewed mobility curbs in various countries to contain a resurgence of coronavirus cases cloud the outlook on fuel demand recovery.