FX.co ★ Australia Trade Data Due On Thursday

Australia is set to release its August data on imports, exports, and trade balance this Thursday, offering a snapshot of economic activity in the Asia-Pacific region. The previous month saw a 0.8% decline in imports and a 0.7% increase in exports, resulting in a trade surplus of A$5.009 billion.

In Hong Kong, August’s retail sales figures are expected, following a year-on-year decline of 11.8% in July.

Meanwhile, Australia and Japan will report their respective service PMI results for September. Their August readings were 52.5 and 53.7, indicating expansion in the service sectors.

It should be noted that markets in South Korea and China will be closed on Thursday in observance of the National Day holiday, with South Korea resuming trading on Friday and China reopening on Tuesday. Additionally, Taiwan's markets will remain closed for a second consecutive day due to the impact of Typhoon Krathon.