Taiwan Trade Balance Due On Thursday

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Taiwan is scheduled to release December numbers for imports, exports and trade balance on Thursday, headlining a modest day for Asian economic news. Analysts are expecting imports to surge 49.6 percent on year after the 17.9 percent annual increase in November. Exports are called higher by 45.2 percent on year following the 19.4 percent annual gain in the previous month. The trade balance is expected to show a surplus of $2.2 billion after coming in at $2.11 billion a month earlier.

Malaysia will announce November figures for imports, exports and trade balance. Imports are tipped to add 2.3 percent on year after the 2.3 percent annual contraction in October. Exports are expected to add 3 percent on year after the 1.6 percent annual expansion in the previous month. The trade balance is forecast to show a surplus of 11.55 billion ringgit after the 11.47 billion ringgit surplus a month earlier.

(Market News Provided by RTTNews)