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Financial News: Hong Kong Trade Data Due On Thursday

Hong Kong Trade Data Due On Thursday

09/26/2018 - 18:01:00 (RTTNews)

(RTTNews) - Hong Kong will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

In July, imports were worth HKD406.23 billion and exports were at HKD359.13 billion for a trade deficit of HKD47.11 billion.

The central bank in Indonesia will conclude its monetary policy meeting and then announce its decision on interest rates; the bank is expected to hike its benchmark lending rate by 25 basis points, to 5.75 percent from 5.50 percent.

The central bank in the Philippines also will wrap up its monetary policy meeting; it's expected to raise its benchmark rate by 50 basis points, to 4.50 percent from 4.00 percent.

China will release August data on industrial profits; in July, profits spiked 16.2 percent on year.

Australia will see August numbers for job vacancies; in July, vacancies climbed 5.7 percent on month.

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