South Korea Rate Decision On Tap For Thursday

RTTNews | 915 dias atrás
South Korea Rate Decision On Tap For Thursday

(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 3.50 percent.

Australia will see Q4 figures for private new capital expenditure, with forecasts suggesting an increase of 1.3 percent on quarter following the 0.6 percent drop in the three months prior.

Singapore will release January numbers for consumer prices, with forecasts expecting an annual increase of 5.6 percent for core CPI and 7.1 percent for overall inflation. In December, they were at 5.1 percent and 6.5 percent, respectively.

Taiwan will provide January data for industrial production; in December, production slumped 7.93 percent on year.

Hong Kong will see January figures for consumer prices, with forecasts suggesting an increase of 1.90 percent on year, easing from 2.00 percent in December.

Finally, the markets in Japan are closed on Thursday for the Emperor's Birthday and will re-open on Friday.

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Asian Markets Track Wall Street Lower

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

Hong Kong Shares May Be Stuck In Neutral On Tuesday

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Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
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China Stock Market Due For Consolidation

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.
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