New Zealand records a trade deficit

Asian Market Update: New Zealand records a trade deficit; South Korea worries about inflation Economic Data – (NZ) NEW ZEALAND JAN TRADE BALANCE (NZ$): -199M V +167ME (5th deficit in the past 6 months) – (AU) AUSTRALIA PM GILLARD WINS LABOR PARTY LEADERSHIP VOTE (AS EXPECTED) BY 71 TO 31 VOTE MARGIN – (KR) SOUTH KOREA MAR BUSINESS SURVEY MANUFACTURING: 84 V 81 PRIOR; NON-MANUFACTURING: 80 V 79 PRIOR – (HU) HUNGARY FEB ECONOMIC SENTIMENT: -22.5 V -26.8 PRIOR; BUSINESS CONFIDENCE: -12.4 V -16.3

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