U.S. bond yields, dollar turn the screw on Asia

TAIWAN (Aug 25)  An interest rate decision in South Korea grabs the spotlight in Asia on Thursday, as wider market sentiment continues to be clouded by rising U.S. bond yields, a buoyant dollar and deepening concern over China's economy.

With inflation near its highest in 24 years, the Bank of Korea is expected to raise its base rate a quarter percentage point to 2.50%. A bolder move to 2.75% would put a rocket under the won and lift it from this week's 13-year lows against the dollar. 

Reuters