Investor sentiment is fragile as Asian markets reach the mid-point of the week, with bubbling angst and political volatility across the emerging world compounding deepening concern over U.S. and global economic growth.
Indian assets, in particular, have been on a wild ride this week in response to the country’s general election result, a strong safety bid is driving the Japanese yen higher, and regional stocks are now down four out of the last five days.
That’s the backdrop to a jam-packed economic calendar across the region, which includes: Australian first quarter GDP, revised GDP data from South Korea, service sector purchasing managers index data from Australia, China and India, as well as inflation from Thailand and the Philippines.
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