Asia Day Ahead: China solar default a test of reform power

Reuters - After a week of Ukrainian shock therapy for emerging markets, equities across Asia will likely take a breather this Friday in anticipation of U.S. non-farm payrolls. Have FX outflows hit the region? Well, we'll get an indication from Hong Kong, Singapore and Malaysia where FX reserve tallies will be released. Hot on the heels of yet another decision to hold interest rates steady, Malaysia releases its trade data, which should give us a hint at how the broader southeast Asian economic block is performing. Taiwan trade data will also be interesting. Exports of its high tech components and goods to China means that number usually tracks quite well with mainland China imports.