In addition to what’s taking place in Europe, China’s slowing growth is a key factor driving global markets.
The country’s official manufacturing data will be what’s to watch in the coming week.
Last month’s official PMI rose to a 13-month high, but smaller factories have continued to struggle.
A private HSBC (NYSE: HBC) survey says factories were hit last month because of slowing export orders.
Now, investors are looking for any clues about how Beijing will try to boost its cooling economy.
Additionally, more pain for India may be in the cards.
Asia’s third-largest economy will report fourth-quarter GDP numbers next week. India’s growth slowed to 6.1% last quarter – its slowest pace in three years.
And in a landmark visit, India’s Prime minister will head to Myanmar, where he’ll meet with opposition leader Aung San Suu Kyi, as well as the country’s president.
Neighbors India and China are fighting for influence in the state, which just recently opened for business.
Finally, in Hong Kong, two billionaire brothers that run Asia’s largest property developer could face corruption charges.
The two run Sun Hung Kai Properties. Back in March, they were arrested on suspicion of bribery.
It’s a major turn of events for one of Asia’s richest families, and for a company that has helped mold Hong Kong’s famous skyline.