Economy

With China's international reserves recently exceeding the US$3.00trn mark, they have received a great deal of attention. There have been various opinions put forward about what the... 2011-05-04

South Korea's real GDP expanded by a solid 3.9% y-o-y and a seasonally-adjusted 1.3% q-o-q in Q111, with net exports a key growth driver. Nonetheless, we highlight that the South Korean... 2011-04-27

The Korean won (KRW) finally broke above its key KRW1,100/US$ resistance level on March 31, prompting us to turn outright bullish on the unit. Appreciatory pressures on the currency... 2011-04-01

Taiwan's seasonally-adjusted unemployment rate continued on a downtrend, coming in at 4.6% in February, making it 18 months of continuous improvement. Nonetheless, we believe significant... 2011-04-01

Hong Kong's current account surplus narrowed to US$4.2bn in Q410 from US$5.7bn in Q310, bringing the 2010 full-year figure to US$14.7bn (6.5% of GDP), down from the US$18.0bn (8.6%... 2011-04-01

We do not see the yuan as particularly undervalued and caution against believing appreciation to be a one-way bet. Rapidly rising labour and land costs are hurting international competitiveness,... 2011-03-31

We are happy to remain below consensus on real GDP growth in China this year, forecasting 8.3% versus a consensus of 9.5%. The two major growth pillars, trade processing and construction,... 2011-03-30

Hong Kong's headline consumer price inflation (CPI) rose by 3.7% y-o-y in February, from 3.6% in January, the fourth straight month of acceleration. Although we are bumping up our 2011... 2011-03-23

Hong Kong's seasonally-adjusted unemployment continued on its downtrend, coming in at 3.6% for the three months ending February. Despite the positive headline figure, we note that total... 2011-03-22

We see the Taiwanese economy being adversely affected by Japan's crisis to a certain degree, and we highlight downside risks to our export growth outlook. Indeed, Japan is one of Taiwan's... 2011-03-17