Japan's GDP up annualized 0.2% in August; US deficit for fiscal 2024 estimated atUS$1.8 trillion [CSOP Global Market Morning Report]

🔸 Japan's GDP up annualized 0.2% in August: JCER. Japan's economy expanded an annualized 0.2% in August from the previous month, boosted by increased exports to Asia, according to an estimate released by the Japan Center for Economic Research on Wednesday. Exports of goods and services rose by 1.1% from the previous month, according to JCER. Shipments of goods to China rose by 5.3%, while the rest of Asia increased by 2.4%. Shipments to the U.S. and the European Union declined.

🔸 Vietnam says it aims to deploy two undersea internet cables, 5G services. Vietnam`s government said on Wednesday it aimed to put two new undersea Internet cables into operation and deploy 5G mobile services across the country by the end of next year. The moves were part of a digital infrastructure development strategy signed by Deputy Prime Minister.

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