Welcome to Your Week in Asia.
Hot on the heels of elections in Singapore and Australia, Filipinos will cast their votes in their own elections, while campaigning for the South Korean presidential vote kicks off.
Japanese carmakers will continue their announcements of their financial results, with particular attention being paid to Nissan amid its business and management struggles.
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MONDAY
The Philippines holds midterm elections
Filipinos head to polling stations on Monday to pick the next crop of senators, congressional lawmakers and local politicians, with more than 18,000 seats set to be filled. The midterm elections come at a chaotic time in domestic politics — experts see the vote as a proxy battle between the feuding Marcos and Duterte families.
South Korea election campaign begins
South Korea’s three-week campaign for the June 3 presidential election officially starts, two months after the Constitutional Court upheld the National Assembly’s impeachment of President Yoon Suk Yeol. Lee Jae-myung of the liberal Democratic Party is currently in the lead, according to polls, followed by independent center-right contender Han Duck-soo and Kim Moon-soo of the conservative People Power Party.
Earnings: Eneos, Tata Steel, Suzuki Motor, Mazda Motor
TUESDAY
China courts Latin America
China is due to host a summit with leaders from Latin America and the Caribbean as Beijing actively positions itself as a leader of the so-called Global South developing countries. A Chinese foreign ministry spokesman said the meeting will be a chance “to discuss development strategies and bring more stability and positive energy to the world.”
Nissan in the red
Nissan Motor announces its financial results for the fiscal year ended March, forecasting a net loss of up to 750 billion yen ($5.2 billion). Ivan Espinosa, the new president and CEO, who started at the beginning of April, is expected to explain the status of the automaker’s turnaround plan.
SoftBank announces earnings
SoftBank Group announces its annual earnings results for the fiscal year through March. Market attention is focused on its artificial intelligence strategy and the potential impact of U.S. tariffs on its assets, including British chip designer Arm.
Earnings: Honda Motor, Sea, Inpex, Tata Motors
WEDNESDAY
Albanese heads to Indonesia
Australian Prime Minister Anthony Albanese is set to travel to Jakarta and meet with Indonesian President Prabowo Subianto on what will be the Australian leader’s first overseas trip since his landslide election win on May 3. With the trip, the prime minister is seeking to highlight the importance of Australia’s relations with its northern neighbor.
Sony reveals financial results
Sony Group will announce its full-year financial results along with its management policy. The company in February announced that it had lifted its net profit forecast by 10% for the year through March 2025, thanks to its strong gaming business.
Taiwan’s Foxconn announces first-quarter earnings
The iPhone assembler made headlines recently with its landmark deal to make electric vehicles for Japan’s Mitsubishi Motors. As a key Nvidia supplier, however, investors will be keen to hear about its artificial intelligence data server business, U.S. investment plans and outlook on the trade war.
Earnings: PTT, Charoen Pokphand Foods, Tencent Holdings
THURSDAY
APEC trade ministers meeting
South Korea hosts a two-day Asia-Pacific Economic Cooperation trade ministers meeting on the southern resort island of Jeju as the global economy reels from U.S. President Donald Trump’s heavy tariffs. U.S. Trade Representative Jamieson Greer is set to join the event to discuss tariffs and other trade issues with his counterparts from fellow APEC members including China, Japan and South Korea.
Singapore Airlines presents earnings
Singapore Airlines, the country’s flag carrier, is set to announce its full-year results through March. A key focus will be how increased global flight capacity and route expansion amid strong travel demand are weighing on its bottom line.
India’s trade figures for April
India’s trade data for April follows a wider-than-expected merchandise trade deficit of $21.54 billion in March, driven in part by a sharp increase in oil and gold imports. The latest figures will give an indication of the impact of Trump’s “reciprocal tariffs” and come as the South Asian country pursues a bilateral trade agreement with the U.S.
FRIDAY
Data: Malaysia first-quarter gross domestic product
SATURDAY
Taiwan’s last nuclear reactor shut down
The last operational nuclear reactor in Taiwan is scheduled to be shut down after a years-long drive to phase out atomic energy. Nuclear power is a sensitive subject closely entwined with memories of the past Kuomintang military dictatorship. KMT lawmakers, now in the opposition, have raised alarms over energy stability and security, while the ruling Democratic Progressive Party has assured the public that thermal power and a growing renewables sector will fill the gap.
