Investor sentiment was pressured by reports of tighter lockdown measures in China, which prompted protests in several cities. Goldman Sachs speculated that China could lift its zero-covid policy before April, though Q2 is still projected as the most likely time for an exit.
Japan is expected to fine three power companies on anti-trust grounds.
China’s October Industrial Profit -3.0% YTD (last -2.3%)
Hong Kong’s October trade deficit HKD20.90 bln (last deficit of HKD44.90 bln). October Imports -11.9% m/m (last -7.8%) and Exports -10.4% m/m (last -9.1%)
Australia’s October Retail Sales -0.2% m/m (expected 0.5%; last 0.6%)