The Bank of Korea is widely expected to hold the policy rate unchanged at 3.25% when its monetary policy committee meets later in the day.
Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations.rose 2.3% on an annualized basis
unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. The central bank will also announce updated economic growth and inflation forecasts. Chipmaking powerhouse Nvidia lost more than 1%, while Meta Platforms slid 0.8%. Dell and HP dropped more than 12% and 11%, respectively, following weak earnings forecasts.The U.S. market will be closed on Thursday for the Thanksgiving holiday.CNBC Pro: 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
These tech stocks have outperformed during"periods of supply chain uncertainty," the Redburn analyst said citing 2018-2019 trade tensions between the U.S. and China.Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigned supreme among investors.
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