Three central bank policy decisions dominate the economic calendar in Asia this week.
Asia has felt the heat more. The MSCI Asia ex-Japan index is down three weeks in a row, its worst run since October. Chinese stocks are down three weeks too, with last week's fall accelerated by Friday's 1.5% slump - the steepest this year - after Lenovo reported its largest revenue fall in 14 years.is scheduled to set its lending benchmark interest rates on Monday morning.
The Bank of Korea on Thursday, meanwhile, is expected to keep its policy rate on hold at 3.5%, which would mark its first on-hold decision after back-to-back hikes since April. But don't be surprised if guidance is more hawkish than last month - inflation is sticky, the U.S. policy outlook has shifted dramatically, and the won has slumped 7% in the last two weeks.
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