The China market may trade in a narrow range on Wednesday, as concerns about the health of the economy are tempered by hopes of government action to lift growth.
The Shanghai Composite Index
Stocks to Watch:
Transport, Energy Stocks - China will cut fuel prices from Wednesday by 400 yuan to 420 yuan ($63.24 to $66.41) per metric ton, or about 4 percent, the low end of an expected range, as the government seeks to minimize refining losses at state owned oil giants. Some of the market impact may already be reflected as the timing of the price cut had been reported.
China Southern Airlines - China's largest airline by fleet size said it expects first-half net profit to have fallen by more than 50 percent. The airline had reported a 74 percent plunge in first-quarter earnings due to high jet fuel prices and slowing yuan appreciation.
Coming Up This Week:
WEDNESDAY: New Zealand Business PMI, Australian MI Inflation Expectations, Australian Unemployment Rate, Japanese Interest Rate Decision, South Korean Interest Rate Decision
THURSDAY: Indian Manufacturing Output, Indian Industrial Production, Bank of Japan Press Conference, Chinese Retail Sales, Chinese Industrial Production, Chinese GDP, Chinese Fixed Asset Investment
FRIDAY: Japanese Industrial Production, Singaporean Retail Sales, Bank of Japan Monthly Report
—By Cheng Lei, CNBC Asia Pacific