China's economy is expected to see more favourable conditions and more opportunities than challenges in 2024, state media said citing officials of the Chinese Communist Party's finance and economy office.

Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption.

The yen stood firm on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy meeting, with traders awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose policy settings.

Asia stocks slipped on Monday in a subdued start to a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S. inflation is expected to underpin market pricing of interest rate cuts there.

Indonesia's trade surplus is likely to narrow in November as exports are seen posting another contraction, while imports are expected to witness a marginal growth, a Reuters poll showed on Thursday.

Indonesia's exports in November fell 8.56% on an annual basis to $22 billion, less than the 9.36% contraction expected in a Reuters poll, data from the statistics bureau showed on Friday.