Asian assets have rarely been exposed to as many market-moving triggers in one day than they will be on Wednesday, with the Bank of Japan rate decision and China’s purchasing managers index reports topping a packed policy, data and corporate calendar.
Investors are also bracing for second quarter GDP estimates from Taiwan and Hong Kong, inflation numbers from Australia, and earnings from corporate heavyweights including HSBC, Samsung, Panasonic, Mitzuho and Sumitomo.
All that follows heavy after-the-bell selling of U.S. Big Tech on Tuesday after Microsoft warned of slow returns on AI technology spending, and comes ahead of the Federal Reserve‘s rate decision on Wednesday.
