Investors will also monitor China Telecom Corp as shares of the nation's largest phone company start trading in Hong Kong on Nov. 7. China Telecom on Thursday delayed pricing shares to Nov. 5, sparking concern that demand may be slack in the US$3.68 billion share sale, the world's third-largest this year.
Taiwan
A Fed rate cut may also lift the share prices of exporters such as Taiwan Semiconductor and Quanta Computer Inc (廣達) in Taiwan and Singapore companies such as DBS Group Holdings Ltd and Singapore Telecommunications Ltd.
The US buys a fifth of Taiwan and Singapore's exports.
Taiwan Semiconductor, the world's largest supplier of made-to-order chips, whose US-traded shares rose 3.5 percent yesterday, sold three-quarters of its chips to US customers in the third quarter.
Singapore
CapitaLand, Singapore's biggest real estate developer, may say third-quarter profit rose 63 percent, boosted by a S$100.8 million (US$57 million) gain from the sale of three shopping malls. Profit for the three months ended Sept. 30 probably increased to S$134.6 million from a year earlier, based on the average estimate of four analysts polled by Bloomberg News. The company reports earnings on Tuesday.
South korea
Chohung Bank may fall as its employees will vote Nov. 12 on whether to strike in protest at the government's plan to sell a stake in the lender or merge it with rivals, the union at South Korea's fourth-largest bank said.
Australia
In Australia, News Corp, the world's fifth-largest media, may gain on optimism a US rate cut will boost spending and demand for advertising. The company is also due to release its second-quarter earnings on Wednesday.
Mining companies such as BHP Billiton and Rio Tinto Group may advance as lower interest rates may boost demand for metals used in construction and manufacturing in the world's biggest economy.
"The stock that stands out as being affected by global growth is BHP Billiton," said Lochiel Crafter, who oversees US$21 billion as chief investment officer at State Street Global Advisors Inc. in Sydney. US economic "data to date has been on the soft side. The market consensus is building toward a 50 basis-point rate cut next week."
Crafter likes property trusts and consumer companies such as retailers because there's "certainty of cash flow."
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