The volatility that scarred global markets last week is giving way to a greater degree of calm early this week, and traders go into Tuesday's session in Asia looking to claw back some recent losses before assessing their next move.
Economic data releases include Malaysian industrial output, Indonesian retail sales, and Australia consumer sentiment and business confidence, while the yen's upward momentum has stalled and a move back below 143.00 per dollar now looms. Weakening export activity amid fears of mounting trade barriers and tariffs would be alarming in itself, but tepid import growth also reflects weak domestic demand. Together, they speak to an economy struggling to generate solid, sustainable growth.Figures on Monday showed that consumer inflation ticked up in August to the fastest pace in six months, but the rise was due more to higher food costs from weather disruptions than a recovery in domestic demand. The 0.
Taiwan firms like TSMC are major supplier to Apple, Nvidia and other tech giants. Their growth helped drive Taiwan's August exports to an all-time monthly high of nearly $44 billion, as growing demand for chips to supply the AI industry offset anemic demand from China.
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