全球数据观察：亚洲

This Global Data Watch: Asia report notes that EMAX ended 3Q with a bang: Taiwan's 3Q GDP printed at 13.5% q/q saar, far above expectations, with relentless AI-driven exports increasingly complemented by domestic tech capex, while Korea's September IP rose 9% m/m sa, broadly based across tech and non-tech, prompting an upward revision to 4Q GDP. 3Q EMAX GDP is now tracking an above-trend 5.2%. Asian central banks are tightening at different speeds: the BSP surprised with a 50bp hike on stronger energy pass-through, Bank Indonesia held but is expected to keep hiking to counter currency pressure, the BOT and Taiwan's CBC held while raising the odds of future hikes, and BNM is expected to hold with hawkish guidance. China's Fifth Plenum emphasized tighter party discipline and anti-graft efforts without new economic policy impetus; NBS manufacturing PMI is expected to hold at 50.1 and the RatingDog PMI to edge down to 51.8.