In Korea, the broader trend remains steady, while the domestic and services stabilised after MERS outbreak, the challenging export environment and some sequential playback in private consumption are expected to show slow pace of growth in Q4 and Q1 next year.

"We believe the Bank of Korea will deliver another 25bp rate cut in Q1, ahead of the National Assembly elections in April 2016", says Barclays in a research note. 

A weak KRW bias will start again, as the government continues to encourage state entities to recycle the current account surplus by rising overseas loans and investments, or by stockpiling essential minerals and fuels.