Australian Private House Approvals MoM Prel (Dec) M/M 0.4% (Prev. 1.3%)
The preliminary December data showing a 0.4% month-over-month increase in Australian private house approvals, down from the previous 1.3%, suggests a slowing momentum in the housing sector.
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 Private House Approvals MoM Prel (Dec) M/M 0.4% (Prev. 1.3%)
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 deceleration could raise concerns about broader economic activity and may prompt a reassessment of current monetary policy if continued. Traders should watch for implications on interest rates and overall sentiment in Australian markets.
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