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South Korean GDP Due On Wednesday

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South Korea is on Wednesday scheduled to release final gross domestic product figures for the third quarter of 2009, setting the pace for a modest day for Asian economic news.

Analysts are expecting the South Korean economy to expand 0.8 percent on year after the preliminary report showed a 0.6 percent annual increase. On a seasonally adjusted quarterly basis, GDP is expected to remain close to the preliminary figure of 2.9 percent.

Singapore is set to provide November numbers for its purchasing managers' index, which is forecast to show an index score of 50 after coming in at 50.2 in October. The electronics PMI is tipped to show a score of 50.8, up from 49.6 in the previous month.

The central bank of Thailand will announce its decision on interest rates, with analysts widely expecting the bank to keep rates on hold at the current level of 1.25 percent.

(Market News Provided by RTTNews)

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