Hong Kong Democracy Activist Joshua Wong Faces New Trial Amidst Ongoing Legal Battles
Prominent Hong Kong democracy activist Joshua Wong is set to appear in court again, facing a new trial that could significantly extend his prison sentance. Wong was previously charged in June with allegedly conspiring to collude with foreign forces. This latest legal challenge comes after he was already sentenced in November to four years and eight months for conspiracy to subvert state power. The new national security charge carries the potential for an additional prison term ranging from three years to life imprisonment.
RBI Monetary Policy meeting to Likely Maintain Key Interest Rate Amid Growth Focus
The Reserve Bank of India (RBI) is widely anticipated to hold its key policy rate steady following the conclusion of its monetary policy committee meeting. This decision would mark a pause in a dovish cycle that saw a 100 basis point reduction in rates over recent months.While the primary objective remains stimulating economic growth, the central bank signaled a shift in its approach during its June meeting, moving from a “dovish accommodative” stance to a more cautious “neutral” position. This indicates a strategy of closely monitoring incoming economic data before making any further adjustments to interest rates.
Upcoming Economic Data and Corporate Earnings
Tuesday: Data releases are expected from Vietnam, covering inflation, trade figures, and industrial output. Cathay Pacific is scheduled to announce its earnings.
thursday: The Philippines will release its gross domestic product figures. Earnings reports are due from DBS, UOB, and Sony.
Friday: China will host its flagship robot conference in Beijing, showcasing approximately 1,500 exhibits from around 200 companies. A significant focus of the event will be on humanoid robots, a key area of advancement for China’s high-tech industry ambitions.Additionally, earnings reports are expected from SGX Group, Tata Motors, state Bank of India, Eneos, Inpex, and Idemitsu Kosan.
