From Investing.com: 2024-05-26 17:54:25

Trading in Asian markets will be light due to US and UK holidays, but investors will be focusing on Chinese industrial profits data and Hong Kong trade figures. Yen traders may watch for potential intervention, as speculators are increasing short yen positions. Global markets remain positive despite rising bond yields and central bank hawkishness.

Chinese investments face challenges as tensions with Taiwan rise and the yuan experiences downward pressure. Foreign direct investment into China has plunged 28% and FX outflows are accelerating. Chinese stocks struggle to reach new highs, with the economic surprises index hitting a low not seen since February.

Beijing is addressing the property sector crisis, but indicators like April industrial profits continue to disappoint, reflecting weak domestic demand. This week’s major focus will be on the South Korea, Japan, China trilateral meeting, China’s industrial profits for April, and Hong Kong trade data. Investors will be looking for direction from these developments.



Read more at Investing.com: Checking pulse of China profits, eyeing yen action By Reuters