Asian Central Banks Opt against Stimulus Despite Slowdowns; TSMC Outlook Boosts Stocks
• China expected to leave interest rates unchanged, disappointing investors hoping for economic stimulus • Bank of Japan also forecast to leave policy steady at Tuesday meeting despite downward pressure on inflation • Taiwanese chipmaker TSMC sparked a stock market rally with strong growth projections • Chinese stocks around 5-year lows as investors pull money out of the country amid economic uncertainty • Key Asia economic data out this week South Korean GDP, Tokyo and regional inflation figures, Malaysia rates