Australian Building Permits YoY Prel (Dec) Y/Y 0.4% (Prev. 20.2%)
The December preliminary data for Australian building permits shows a significant slowdown, with a year-on-year growth of just 0.4% compared to the prior 20.2%.
Korea Exchange activates sidecar to halt program trading briefly on benchmark KOSPI after sharp equity rise
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology (3711 TT) is accelerating capacity expansion across multiple locations, while its unit commissions plant engineering project for TWD 1.8bln
Australian Building Permits YoY Prel (Dec) Y/Y 0.4% (Prev. 20.2%)
PBoC is expected to set USD/CNY mid-point at 6.9598 (prev. 6.9695)
[MARKET UPDATE] Asia-Pac stocks rebounded from the prior day's sell-off as the region takes impetus from the positive handover from Wall St, where markets rallied after a strong ISM Manufacturing report
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This sharp decline could indicate weakening demand in the construction sector, raising concerns about future economic activity and potentially influencing the Reserve Bank of Australia's policy stance moving forward.
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