Asian investors will be focusing on Asia’s two largest economies this week amid a raft of data releases. Traders will also be monitoring news out of Indonesia for results of the country’s presidential elections held earlier in the month. An official outcome is expected on Tuesday and according to private tallies, Jakarta Governor Joko Widodo is leading the race with 53 percent of the vote.
Developments in Malaysia may be closely watched following the crash of a Malaysia Airlines passenger plane in eastern Ukraine last Thursday.
Australia’s second-quarter consumer price report is due on Wednesday, which is expected to reveal benign inflation pressures. In the first three months of the year, consumer prices rose 0.8 percent on a month-on-month basis and consensus forecasts this quarter are for a 0.6 percent rise.