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Hong Kong Trade Balance On Tap For Tuesday

Hong Kong will on Tuesday provide February figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to rise 5.7 percent on year following the 10.5 percent contraction in January. Exports are called higher by 0.2 percent on year after falling 8.6 percent in the previous month. The trade balance is expected to reflect a deficit of 36.2 billion Hong Kong dollars after showing a shortfall of 8.9 billion HKD a month earlier.

Taiwan will show the results of its leading index for February; it saw an increase of 1.02 percent on month in January.

The Philippines will announce January figures for imports and trade balance. Imports are expected to fall 9.4 percent on year after shedding 6.5 percent in December. The trade balance is tipped to show a deficit of $685 million after posting a shortfall of $1.221 billion in the previous month.

Japan will announce the February results of corporate service prices, with analysts expecting a decline of 0.4 percent on year following the 0.2 percent contraction a month earlier.

by RTTNews Staff Writer

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