This photo taken on May 19, 2018 shows a general view of the Lotte tower (front C) and Namsan tower (rear C) amid the Seoul city skyline and Han river during sunset. (Photo by Ed JONES / AFP)
Ed Jones | Afp | Getty Images
Asia-Pacific markets are set for another day of losses ahead of the Bank of Korea’s rate decision announcement later today. South Korea, which was one of the first Asian banks to pause its rate hikes, is expected to hold rates at 3.5%, according to a Reuters poll.
Most notably, Hong Kong’s Hang Seng index looks set to breach its two month low, with futures standing at 18,878 compared to its last close of 19,115.93.
In Japan, the Nikkei 225 is set to fall for a third straight day, with the futures contract in Chicago at 30,680, and its counterpart in Osaka at 30,600 against its last close at 30,682.68.
In Australia, the S&P/ASX 200 also is set for a weak open, with futures at 7,196 and lower than the index’s last close of 7,213.8.
Indonesia will also announce its benchmark interest policy rates on Thursday, with economists polled by Reuters expecting the country’s central bank to hold its 7-day reverse repurchase rate at 5.75%
