Indonesia GDP, US midterm elections, Hong Kong financial summit
Indonesia's latest GDP figure highlights the country's struggles with the economic impacts of fires and haze, as well as market pressures from a potential MSCI downgrade. The nation has also faced fuel shortages due to the U.S.-Israeli war against Iran. Meanwhile, the U.S. midterm elections could impact Asia, as opposition to data center projects that have boosted Asian tech suppliers' profits may influence the results.
Taiwan's fate hangs in the balance, with Democrats potentially pressuring President Trump for a $14 billion arms package if they gain control of Congress.
Hong Kong hosts a week-long financial summit and fintech event, where top executives from major banks and funds discuss AI's impact on the sector. In parallel, the Legal Week convenes to address legal practices and cross-border collaboration, marking the opening of UNIDROIT's first overseas liaison office.
For Asian markets, quarterly earnings reports are pending from DBS, UOB, and OCBC in Singapore, and Vietnam releases its GDP data for the July-September quarter, punctuated by natural disasters like forest fires and volcanic eruptions. Meanwhile, Shanghai's import exhibition showcases products for the Chinese market, amid concerns over Chinese consumption and trade imbalances.
Malaysia's central bank decides on its final interest rate of the year, with mixed opinions on whether it will stay or increase. In the Philippines, Thailand, and Taiwan, inflation data is released, while New Zealand's general election sees neither the ruling National Party nor the opposition Labour Party secure a majority, potentially allowing a centrist Opportunity Party to shape the next government.
Vietnamese President To Lam visits Japan to bolster ties and discuss comprehensive strategic partnership areas, including economic security, trade, investment, and technology cooperation.
Written by urgent.news from Nikkei Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.