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Hong Kong Unemployment Data Due On Monday
(RTTNews) - Hong Kong will on Monday release jobless figures for August, highlighting a light day for Asia-Pacific economic activity. In July, the unemployment rate was 4.3 percent.
China will see August results for foreign direct investment in July, FDI was up 17.3 percent on year.
New Zealand will see August figures for the Performance of Services Index from BusinessNZ; in July, the index score was 51.2.
Finally, the markets in Japan are closed on Monday for Respect for the Aged Day and will re-open on Tuesday.
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Hong Kong Shares Due For Consolidation
The Hong Kong stock market has tracked higher in seven straight sessions, soaring more than 900 points or 4.1 percent along the way. The Hang Seng Index now sits just above the 22,865-point plateau although investors figure to lock in gains on Monday.
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Lower Open Likely For China Stock Market
The China stock market on Friday wrote a finish to the three-day winning streak in which it had gathered more than 70 points or 2.2 percent. The Shanghai Composite Index now rests just above the 3,340-point plateau and it's expected to open to the downside again on Monday.
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Japan Posts Y3.678 Trillion Current Account Surplus
Japan saw a current account surplus of 3.678 trillion yen in March, the Ministry of Finance said on Monday - up 6.7 percent on year.
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Taiwan Bourse May Hand Back Friday's Gains
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just above the 20,915-point plateau, although it's likely to head south again on Monday.
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Japan Overall Bank Lending Slows To 2.4% In April
The value of overall bank lending in Japan slowed for the second straight month, rising just 2.4 percent on year to 636.545 trillion yen, the Bank of Japan said on Monday.
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Japan Shares May Be Stuck In Neutral On Monday
The Japanese stock market has moved higher in two straight sessions, rallying more than 720 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 37,500-point plateau although the rally may stall on Monday.
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KOSPI May Extend Friday's Losses
The South Korea stock market on Friday ended the three-day winning streak in which it had risen more than 20 points or 0.8 percent. The KOSPI now sits just shy of the 2,580-point plateau and the losses may accelerate on Monday.
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Japan Data On Tap For Monday
Japan is scheduled to see a few reports on Monday, highlighting a very light day for Asian-Pacific economic activity. On tap are current account figures for March and April numbers for bank lending and the Eco Watchers Survey.
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