Key Points
With global markets gently easing back from recent highs ahead of U.S. inflation data on Tuesday, Asian markets are unlikely to swing too far in either direction, although the Indian rupee and South Korean won could be exceptions to that rule...
Indian inflation and Bank of Korea meeting minutes top the regional economic calendar on Tuesday, which also includes Philippine trade and Malaysian industrial production figures, and Australian business confidence...
The yen has recovered from historically low levels recently, back in line with what Kanda and others might consider fundamentals it rose 2% against the dollar last week, its biggest rise since July...
The broader correction in Asian equities on Monday was much shallower, however, thanks to a solid rise in China, and Wall Streets decline was mild too..
In China, authorities have asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare intervention from central government to help an embattled property firm...
