Asia-Pacific Markets Drop Ahead Of Key Central Bank Decisions This Week

Asia-Pacific markets fell on Monday, erasing early gains as investors awaited major central bank decisions this week. The Bank of Japan is expected to hold rates on Thursday, and China’s People’s Bank will announce its loan prime rates on Friday. Traders analyzed November economic data from China, including industrial production and retail sales figures. The Hang Seng index led regional declines, followed by losses in South Korea's Kospi and Japan's Nikkei. In the U.S., the Fed is expected to cut rates by 25 basis points on Wednesday, with the Dow posting its longest losing streak since 2020.