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Oscars who? The 89th Academy what? If you can’t be bothered to watch celebs stroll the red carpet in La La Land on Sunday night, then good news: it’s already Monday morning in Asia.
You wouldn’t be alone in looking westward across the Pacific: top American banks riding high on Donald Trump’s presidency have hired almost 120,000 people in low-cost Asian economies, creating potential tensions with the new administration, which has pledged to bring jobs back to the US.
In Asia Pacific equities, Sydney’s S&P/ASX 200 if off 0.4 per cent in early trading, while futures tip Tokyo’s Topix index to open down 1.1 per cent and Hong Kong’s Hang Seng index is expected to open 0.4 per cent lower.
Corporate earnings out today include HKEx, CLP, QBE Insurance, LendLease Group, Manila Electric Co, Champion REIT, and China SCE Property.
The economic calendar for Monday doesn’t want to overdo it (all times Hong Kong):
- 08.30: Australia Q4 business inventories, company profits
- 12.00: Thailand imports, exports, trade balance
- 16.30: Hong Kong imports, exports, trade balance
- Macau’s unemployment rate is also expected today.