Australian Balance of Trade (Dec) 3.37B vs. Exp. 3.325B (Prev. 2.94B, Low. 2.6B, High. 4.0B)
The Australian Balance of Trade data for December revealed a surplus of 3.37 billion AUD, exceeding expectations of 3.325 billion AUD and significantly higher than the previous month's figure of 2.94 billion AUD.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: MediaTek (2454 TT) Q4 (TWD) rev. rose 8.8% Y/Y to 150.2bln
Japanese PM Takaichi is to meet with TSMC's (2330 TT) CEO at 11:00 JST (02:00GMT/21:00EST)
Australian Balance of Trade (Dec) 3.37B vs. Exp. 3.325B (Prev. 2.94B, Low. 2.6B, High. 4.0B)
PBoC is expected to set USD/CNY mid-point at 6.9468 (prev. 6.9533)
[MARKET UPDATE] Asia-Pac stocks are mostly lower following the continued tech rout on Wall St, where semiconductor names were hit, while recent focus was also on geopolitics after US/Iran talks were reported to be off, and then on again
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This beat strengthens the view on Australia’s trade health, which could support the AUD against its peers, particularly given the context of ongoing USD movements and global trade dynamics.
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