Welcome to Your Week in Asia.
China’s top legislative body, the National People’s Congress Standing Committee, meets on Monday with all eyes on fresh efforts to boost the economy. Indonesia and Russia hold their first joint naval drills while Tokyo’s stock exchange extends its trading day by 30 minutes in response to investor demand.
Automaker Toyota, Singapore Airlines, Tata Steel and Singapore-based bank UOB are among a slew of companies reporting earnings. Japan’s Olympus publishes its financial results just days after ousting Chief Executive Stefan Kaufmann over allegations he bought illegal drugs.
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Malaysia holds a monet policy meeting while the Philippines reports its quarterly economic growth figures.
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MONDAY
China lawmakers converge
China’s National People’s Congress Standing Committee holds a five-day meeting to review several bills, as market observers are keen to see if a highly anticipated fiscal stimulus package gets the green light. Beijing has in recent months unveiled several piecemeal policy supports to shore up business confidence, but s have urged more measures to boost sluggish economic growth.
Indonesia and Russia go to sea
Indonesia and Russia will hold their first joint naval drills in Surabaya, on the northeastern coast of Java island, from Monday to Friday. Southeast Asia’s largest economy has adopted a neutral foreign policy, avoiding taking sides over Russia’s invasion of Ukraine, while also trying to sidestep the U.S.-China rivalry. But Indonesia’s new President Prabowo Subianto is looking to boost ties with Russia, after meeting with Vladimir Putin in Moscow this summer.
TUESDAY
U.S. election day
The next U.S. leader will be decided as Americans head to polls, with Vice-President Kamala Harris and former President Donald Trump locked in what appears to be a razor-thin race. More than 11,000 km away, Pacific island nation Palau is also choosing a new president on Tuesday.
China trade fair
The annual China International Import Expo kicks off in host city Shanghai, attracting exporters from more than 70 countries. China aims to boost trade through the six-day expo as sluggish domestic demand weighs.
Tokyo trading
The Tokyo Stock Exchange extends its closing time by 30 minutes to 3:30 p.m., in a move to “further improve convenience for market users, international competitiveness, and resilience,” it said. Trading will still start at 9:00 a.m.
Monet Policy: Australia
Earnings: Nintendo, Mitsubishi Heavy Industries
WEDNESDAY
South China Sea forum
Philippine President Ferdinand Marcos Jr. is the keynote speaker at the opening of the Manila Dialogue on the South China Sea. The forum focuses on issues surrounding the geopolitical flashpoint, with China and the Philippines locked in an increasingly tense row over the disputed waterway.
Singapore FinTech Festival
Industry leaders, investors and policy makers will gather in Singapore for one of the world’s largest financial technology exhibitions. Organized annually by the Monet Authority of Singapore, the three-day event will discuss and showcase the latest advancements in the sector including digital banking, artificial intelligence, blockchain technology and sustainable finance.
Earnings: Toyota, Honda, Itochu, CapitaLand Investment, Tata Steel, Korean Air
Monet Policy: Malaysia
THURSDAY
Earnings: Nippon Steel, Mazda, Nissan, DBS, Mahindra & Mahindra, Kakao
GDP: Philippines
FRIDAY
Earnings: Sony, Tata Motors, Olympus, Naver, OCBC, UOB, Singapore Airlines
