MARKET OUTLOOK
Positive H1 corporate results buoyed local equities on Wednesday, with some investors also optimistic about Q2 economic growth data and the central bank’s policy meeting today.
Investors are anticipating for the release of the Q2 gross domestic product (GDP) reports today which, according to consensus, may hit 6.8%
Should the actual figure match expectations, the country’s economic performance from April to June would log a faster pace compared with Q1’s print, which was revised down to 6.6% from 6.8%.
Investors may focus on local developments and brush aside recent developments in the trade tensions between the China and the United States.
China said it was slapping additional import tariffs of 25% on $16-bil worth of U.S. goods, responding in equal measure to the United States' new round of tariffs.
