Australian Imports MoM (Dec) M/M -0.8% (Prev. 0.2%)
The drop in Australian imports by 0.8% MoM in December, following a prior increase of 0.2%, suggests a potential weakening in domestic demand.
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 Imports MoM (Dec) M/M -0.8% (Prev. 0.2%)
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 could have implications for the trade balance and overall economic growth outlook, potentially influencing monetary policy considerations by the RBA. Traders may want to monitor how this data affects the AUD and related assets in the FX market.
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