Asia-Pacific markets were poised to slip on Wednesday amid concerns over the global economy and ahead of the Bank of Korea's rate decision.
South Korea's central bank is expected to raise interest rates by 50 basis points to 3% on Wednesday, according to a Reuters poll. TheOvernight on Wall Street, the S&P 500 shed 0.65% to close at 3,588.
84 after hitting a multiyear low during 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 close at 29,239.19.
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