The Tokyo Stock Exchange in Japan.
Noriko Hayashi | Bloomberg via Getty Images
Asia-Pacific markets were poised to slide on Wednesday amid concerns over the worldwide economy and ahead of the Bank of Korea’s rate decision. Investors are also waiting for inflation data from the U.S. due later this week.
The Nikkei futures contract in Chicago was at 26,345 while its counterpart in Osaka was at 26,380 — barely lower compared with the Nikkei 225’s last close at 26,401.25.
In Australia, the S&P/ASX 200 dipped fractionally.
South Korea’s central bank is anticipated to lift rates of interest by 50 basis points to three% on Wednesday, in line with a Reuters poll. The Korean won last modified hands at 1,431.39 per dollar.
Overnight on Wall Street, the S&P 500 shed 0.65% to shut at 3,588.84 after hitting a multiyear low through the session. The Nasdaq Composite dropped 1.10% to 10,426.19, its lowest close since July 2020. The Dow Jones Industrial Average ticked up 36.31 points, or 0.12%, to shut at 29,239.19.
— CNBC’s Carmen Reinicke and Sarah Min contributed to this report.
