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Asia Week Ahead Earnings reports for Asian tech giants

Several big technology names like Samsung and LG Electronics will report quarterly and half-year results while Thailand and South Korea get checkups on the state of manufacturing. Pamela Ambler reports.

 
REPORTER, PAMELA AMBLER, SAYING:

"Next week in Asia, we'll get a check on how the Japanese economy is faring as it works to pull itself up from decades of stagnation."

The week begins with a policy outlook speech from Bank of Japan's deputy governor, Hiroshi Nakaso.

He'll likely discuss whether easing measures will continue or if the bank will end the stimulus program next year.

Investors will be listening for remarks on global markets as well.

Thailand reports trade figures from June on Monday (Jul 27).

Both imports and exports are likely to slip again on weak global demand - meanwhile, domestic consumption has remained sluggish.

Thailand releases its manufacturing and production figures the next day and output is also expected to contract.

The government has been cutting its GDP forecast, as the finance minister says growth might not exceed three percent this year.

Also on Tuesday (Jul 28), first-half results from search engine giant Baidu.

Some analysts say the company has lagged behind Chinese tech competitors.

On Wednesday (Jul 29), South Korea's LG Electronics reports second quarter results.

Sister firm, LG Display, recently beat analysts' estimates for Q2.

That's followed by Samsung Electronics report on Thursday (Jul 30).

Last month, the company issued profit guidance that suggested a costly miss on its new smartphone sales.

On Friday (Jul 31), South Korea releases its monthly survey of manufacturers and their assessment of business conditions.

The country's second quarter growth missed estimates battered by the MERS virus outbreak and weak exports.

The country will also get a check on industrial output which will most likely be weighed down by sluggish demand.

And finally, a series of Japanese data including inflation, household spending, and unemployment will be released on Friday (Jul 31).

The central bank governor has said due to the tighter labor market, he expects inflation to accelerate in the coming months.

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