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+---- Thread: Asia markets poised to fall; South Korea’s inflation accelerates (/thread-6108.html)
Asia markets poised to fall; South Korea’s inflation accelerates - superadmin - 08-02-2022
- Asia-Pacific stocks are set to trade lower on Tuesday as South Korea’s inflation rises.
- Consumer prices in South Korea rose 6.3% in July compared with the same period in 2021, official data showed on Tuesday.
- Investors are also looking ahead to the Reserve Bank of Australia’s interest rate decision.
SINGAPORE — Asia-Pacific stocks are set to trade lower on Tuesday as South Korea’s inflation rises and investors look ahead to the Reserve Bank of Australia’s interest rate decision.
The Nikkei futures contract in Chicago was at 27,920 while its counterpart in Osaka was at 27,890. That compared against the Nikkei 225′s last close at 27,993.35.
SPI futures in Australia stood at 6,880, lower than the S&P/ASX 200′s last close at 6,993.
The Reserve Bank of Australia is expected to hike by 50 basis points after official data showed prices in Australia rose 6.1% in the second quarter compared with a year ago.
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