U.S. bond yields, dollar turn the screw on Asia | Mount Equity Group Tokyo Japan

Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, February 13, 2017. REUTERS/Aly Song/

Aug 25 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever

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. read more

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China is going the other way. Not only is Beijing cutting interest rates, Reuters exclusively reported on…