South Korea Rate Decision On Tap For Wednesday

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South Korea Rate Decision On Tap For Wednesday

(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to hike its benchmark lending rate by 50 basis points, from 2.50 percent to 3.00 percent.

Japan will release August figures for core machinery orders, with forecasts suggesting a decline of 2.3 percent on month and a gain of 12.6 percent on year. That follows the 5.3 percent monthly increase and the 12.8 percent annual gain in July.

Australia will see September figures for new home sales from the Housing Industry Association; in August, sales were down 16.0 percent on month.

Thailand will see September results for its consumer confidence index; in August, the index score was 43.7.

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Malaysia Stock Market May Snap Losing Streak

Malaysia Stock Market May Snap Losing Streak

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Japan Bourse May Break Through 40,000-Point Barrier

Japan Bourse May Break Through 40,000-Point Barrier

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Win Streak May Continue For South Korea Shares

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The South Korea stock market has finished higher in three straight sessions, collecting more than 80 points or 2.5 percent along the way. The KOSPI now sits just beneath the 3,135-point plateau and it may extend its gains again on Thursday.
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Korea Rate Decision On Tap For Thursday

Korea Rate Decision On Tap For Thursday

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a lit day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
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U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

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Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
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Fed Minutes Reveal Mixed Views About Outlook For Interest Rates

Fed Minutes Reveal Mixed Views About Outlook For Interest Rates

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