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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Asian Pacific markets fell on Monday, erasing early gains as investors awaited major central
00:07bank decisions this week. The Bank of Japan is expected to hold rates Thursday and China's
00:12People Bank will announce its loan prime rates Friday. Traders analyzed November economic data
00:18from China, including industrial production and retail sales figures. The Hang Seng Index
00:24regional declines followed by losses in South Korea's KOSPI and Japan's Nikkei.
00:29In the US, the Fed is expected to cut rates by 25 basis points on Wednesday,
00:33with the Dow posting its longest losing streak since 2020.