Taiwan is scheduled to release April numbers for imports, exports and trade balance on Thursday, headlining a light day for Asian economic news. Analysts are predicting that imports will fall 37.9 percent on year after the 49.5 percent annual decline in March. Exports are called lower by 28.3 percent on year after the 35.7 percent annual contraction in the previous month. The trade balance is expected to come in higher by 2.15 percent on year after the 3.41 percent annual expansion a month earlier.

Hong Kong is set to announce FX reserves numbers for April, with forecasts predicting a surplus of $189.76 billion - up from $186.2 billion a month earlier.

Malaysia will provide foreign reserves data for the period ending April 30. Analysts are expecting a surplus of $88.6 billion, up from $87.65 billion in the previous reporting period.

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