Elon Musk’s X sues Media Matters after report leads brands to slash ad spending

Events: Alibaba cofounder Jack Ma’s family trust is due to sell 10mn of the ecommerce company’s American depositary shares for about $871mn. The group’s shares fell as much as 10 per cent after lacklustre results earlier this month. General Agus Subiyanto, a close ally of President Joko Widodo, is expected to be confirmed as the new chief of Indonesia’s armed forces.

Central banks: Reserve Bank of Australia governor Michele Bullock speaks at the Australian Securities and Investments Commission’s annual forum. The bank also publishes minutes of its November monetary policy meeting. Indonesia’s central bank begins auctions of two new US dollar instruments, Bank Indonesia FX Securities and Bank Indonesia Sukuk Securities.

Economic indicators: South Korea releases the producer prices index for October, while New Zealand publishes trade data for the same month. Hong Kong issues consumer price index figures, also for October.

Corporate events: India’s Go First faces a deadline for bids to take over the airline, which has accumulated debts of more than Rs114bn ($1.36bn). China’s Baidu, Kingsoft Technology and Kuaishou Technology provide third-quarter earnings, as does retailer Miniso and Hong Kong-based beverage maker Vitasoy.

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