Asia markets poised to rebound after Wall Street rally; central bank decisions in focus: Live updates
Asia-Pacific markets were set to rebound on Wednesday following a broad decline in the previous session and as Wall Street rallied overnight.
Investors are focused on policy decisions from the Reserve Bank of New Zealand and the Reserve Bank of India.
New Zealand’s central bank is expected to slash its policy rate by 50 basis points to 4.75%, while the RBI is expected to hold rates at 6.5%.
Japan’s Nikkei 225 appeared set for a stronger open, with the futures contract in Chicago at 39,555 and their counterpart in Osaka at 39,410 against the index’s last close of 38,937.54.
Futures for Hong Kong’s Hang Seng index stood at 20,964, pointing to a rebound after the index saw its worst day in 16 years, falling 9.41% and closing at 20,926.79.
Australia’s S&P/ASX 200 started the day up 0.4%.
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