Hong Kong is set to announce February numbers for imports, exports and trade balance, headlining an active day for Asian economic news.

Imports are expected to decline 21.7 percent on year following the 27.1 percent annual fall in the previous month. Exports are projected to decline 20 percent on year after the 21.8 percent annual fall a month earlier. The trade balance is expected to reflect a deficit of 4.5 billion Hong Kong dollars after the 7.2 billion Hong Kong dollar surplus in the previous month.

Singapore will provide industrial production figures for February, with analysts predicting a 23 percent annual fall after the 29.1 percent decline a month earlier. Seasonally adjusted, industrial production is forecast to ease 0.7 percent on month after the 4.4 percent monthly fall in January.

The Taiwan central bank is poised to announce its interest rate decision. Analysts expect the bank to trim rates by 25 basis points, from the current 1.25 percent to 1 percent.

Japan will provide corporate service price index data for February. Forecasts call for a 2.5 percent fall on year after the 2.2 percent annual decline in January.

Finally, the Indonesian stock market will be closed on Thursday in observance of the Hindu day of quiet.

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