5 days ago
EU-China summit, Shanghai AI conference, Taiwan recall votes
Welcome to Your Week in Asia.
Amid a shifting geopolitical order, European Union leaders are set to visit Beijing for a summit during which bilateral tensions are expected to dominate, even as China tries to use the fallout from U.S. President Donald Trump's policies to bolster its global position. Across the Taiwan Strait, voters will be preparing to cast their ballots over potential recalls of Kuomintang lawmakers.
In Japan, as markets seek to make sense of the upper house election result, the Bank of Japan's deputy governor is expected to offer some hints to the central bank's policy direction in a speech.
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MONDAY
Marcos' trip to U.S.
Philippine President Ferdinand Marcos Jr.'s visit to the U.S. at Trump's invitation continues through Tuesday. Beyond tariff-related concerns, the long-standing allies are expected to address the evolving dynamics of their partnership, particularly in light of China's expanding influence.
TUESDAY
Data: Malaysia consumer price index
WEDNESDAY
ADB economic outlook
The Asian Development Bank is set to release the latest update to its flagship "Asian Development Outlook" report, with the publication coming at a crucial time given the evolving impact of the U.S.-China trade war. In the previous edition, the multilateral lender flagged the impact of Trump's "reciprocal" tariffs in Asia, a region that faces the highest duties in the world.
BOJ deputy governor speech
Bank of Japan Deputy Gov. Shinichi Uchida will give a speech at a meeting with leaders in Kochi Prefecture. His remarks will be closely followed by market participants, as they will come just days after the July 20 upper house election, with the central bank's next monetary policy meeting following not long after at the end of the month.
Earnings: Tesla, Infosys, Dr. Reddy's
THURSDAY
EU-China summit
European Commission President Ursula von der Leyen and her delegation arrive in Beijing following a visit to Tokyo the previous day. Amid trade disputes and Beijing's support for Russia, the EU team are likely to face a frostier reception in China. Beijing has already set the tone by halving the invitation to one day, and it is unsure if President Xi Jinping will even attend the summit.
Indonesia auto show
Nearly 40 passenger vehicle brands, including BYD, Hyundai, Mitsubishi Motors and Toyota, will take part in the Gaikindo Indonesia International Auto Show organized by the Association of Indonesian Automotive Manufacturers. The event, which is being held in a Jakarta suburb, comes at a time when Indonesia's shrinking middle class is impacting ASEAN's largest auto market.
Earnings: Mitsubishi Motors, Nestle India, SK Hynix, Hyundai Motor
Data: India flash purchasing managers index
Monetary policy: Turkey
FRIDAY
Earnings: LG Energy Solutions
SATURDAY
Shanghai AI conference
The World Artificial Intelligence Conference, China's largest AI exhibition, opens in Shanghai. The annual event, lasting four days, is expected to showcase over 3,000 cutting-edge exhibits from tech companies including Alibaba Group, Moore Threads Technologies, QuantumCtek and Tesla.
Taiwan recall elections
No-confidence votes will be held against 24 KMT lawmakers, the first in a series of moves to potentially recall up to 31 of them. The action stems from growing backlash by lawyers, protesters and civil society groups against the KMT-led legislature's policies, which have impacted President Lai Ching-te's government budgets, the operations of the top court and defense and foreign policy initiatives.
Earnings: Kotak Mahindra Bank
