Hong Kong is on Thursday scheduled to release January figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to fall 4.5 percent on year after climbing 8.1 percent in December. Exports are tipped to contract 7.0 percent on year following the 7.4 percent expansion in the previous month. The trade balance is expected to show a deficit of 29.9 billion Hong Kong dollars following the 48.9 billion HKD shortfall a month earlier.

Taiwan will provide January numbers for commercial sales and industrial output. Sales are called lower by 4.74 percent on year after easing 0.49 percent in December. Output is tipped to plummet an annual 15.3 percent after retreating 8.15 percent in the previous month.

Singapore will announce the inflation rate for January, with analysts expecting the rate to come in at 4.7 percent - down sharply from 5.5 percent in December.