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SEOUL - At -0.3% q/q sa (+1.8% y/y), South Korea's preliminary Q1 GDP performance for 2019 was the weakest since the global financial crisis. The weakness was broad-based, with the decline in exports deepening and feeding into final domestic demand (particularly investment), according to an ANZ Bank research note.

JAKARTA - In a research note on the outcome of Indonesia's general election the French banking group, Natixis, said it believes the re-election of Jokowi would allow him to finish what he started -  increasing infrastructure supply - with 245 on-going and planned national projects to build roads, railways, seaports and refineries which amount to 31% of GDP or US$304 billion. "And if he is able to do so, Indonesia will go beyond the 5% growth range," the note says.

SEOUL - The Bank of Korea (BoK) maintained its policy rate at 1.75% today, but lowered its growth and inflation forecasts for 2019 on the back of disappointing activity and inflation data in Q1.

HONG KONG - China's high frequency economic indicators confirm that growth is bottoming out, ANZ Bank says in a new research note. In particular, idt says, leading indicators such as money supply data and the producer price index (PPI) inflation showed signs of acceleration in March.

BEIJING - China's goods exports grew at the fastest pace in five months in March, while imports declined, Chinese Government data shows.

SEOUL - The U.S. Administration has called last week's summit between President Moon Jae-in and U.S. President Donald Trump in Washington "positive," saying the talks showed a strengthened bilateral alliance and trading partnership. 

NEW DELHI - In a new research report, ANZ Bank says it believes India's election results will have a larger bearing on economic policy than near-term macroeconomic fundamentals, with a comfortable win for any coalition positive for domestic asset prices.