Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
The Bank of Korea (BoK) is expected to maintain its policy rate at 1.50 percent at its monetary policy meeting on Thursday as the nation’s CPI inflation will likely ease further particularly in the period of August to October. In addition, the US-China trade war could cast a shadow on future global demand, which would be a drag on the export-driven economy’s growth, according to the latest research report from Scotiabank.
Off late, the Office of the USTR said in a statement that "As a result of China’s retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional USD200 billion of Chinese imports."
Although the USTR also said that the United States is willing to negotiate with China, the release of the list will dampen risk sentiment and undermine EM Asian currencies. It is supportive of our short CNH/JPY cross position.
"We expect USD/KRW to range trade between 1,100 and 1,140 with upward risks in the near future, while maintaining our long EUR/KRW cross position targeting 1,360," the report added.
