As the week in Asia unfolds, various important events are taking place across the region. In Indonesia, President Joko Widodo convenes his first cabinet meeting in Nusantara, the country's new capital under construction on Borneo island. Meanwhile, in Afghanistan, it marks the third anniversary of the Taliban's resurgence, resulting in strict Islamic rules affecting women and a challenging economic situation.
Corporate updates are also in focus, with companies like Foxconn, Tencent Holdings, and Lenovo set to announce their earnings results. In Hong Kong, distressed Chinese property developers Kaisa Group Holdings and Times China Holdings face crucial winding-up hearings, emphasizing the business challenges in the region. Moreover, economic indicators from China, such as home prices and retail sales data, provide insights into the state of the country's economy, the second largest globally.
Political activities are on the agenda as well. Thailand's Constitutional Court weighs in on a case involving Prime Minister Srettha Thavisin, potentially impacting his tenure. In South Korea, President Yoon Suk Yeol is expected to outline his vision for unification with North Korea, reflecting on the delicate inter-Korean relations. Moreover, the Democratic Party in South Korea is preparing to announce its new leader, a decision with significant implications given the party's majority status in the legislature and recent political controversies.