Hong Kong is scheduled to announce retail sales numbers for March on Monday afternoon, headlining a light day for Asia-Pacific economic news. In terms of value, analysts are expecting a contraction of 5.2 percent on year following the 12.6 percent annual fall in February. In terms of volume, forecasts call for a decline of 6.6 percent on year after the 13.8 percent fall on year in the previous month.

Australia will announce April numbers for job advertisements and Q1 house prices, while New Zealand will release Q1 data for average hourly earnings.

The Japanese markets are closed for a national holiday and will re-open on Thursday.

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