Malaysian S&P Global Manufacturing PMI (Jan) 50.2 (Prev. 50.1)
The slight increase in Malaysia's S&P Global Manufacturing PMI from 50.1 to 50.2 suggests a modest improvement in the manufacturing sector, indicating stability but not strong growth.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Singapore Telecommunications (ST SP) and KKR are near a deal for STT Global Data Centres that would value it at SGD 13bln
Disney (DIS) board is reportedly close to picking parks chief D'Amaro as next CEO, according to Bloomberg
Malaysian S&P Global Manufacturing PMI (Jan) 50.2 (Prev. 50.1)
PBoC is expected to set USD/CNY mid-point at 6.9710 (prev. 6.9678)
[MARKET UPDATE] Asia-Pac stocks begin mostly lower amid several bearish themes including partial US government shutdown, weak Chinese PMIs, NVIDIA halting USD 100bln OpenAI investment plan, although Japan bucks the trend on the Takaichi trade
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This level is just above the neutral mark of 50, which implies the sector is expanding, albeit sluggishly. Traders should consider how this may affect expectations around future economic activity and any implications for monetary policy, especially in the context of regional growth dynamics.
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