Asia markets traded mostly lower on Thursday, as a weaker dollar weighed on Japan's shares and South Korean stocks failed to get a boost from a surprise interest rate cut.
The Bank of Korea surprised markets by cutting its policy rate by 25 basis points to a record-low of 1.25 percent. A Reuters poll of analysts showed markets expected the central bank to keep rates steady at 1.5 percent. South Korean stocks had a muted reaction to the decision, with the benchmark Kospi trading as high as 2,033.46 after the decision, compared with around 2,030 before the announcement. The index was up 0.17 percent at 2030.45 at 9:34 a.m. HK/SIN.
The Korean won weakened against the dollar, with the pair trading as high as 1160.30 after the decision, compared with as low as 1150.47 before the announcement. As of 9:17 a.m. HK/SIN, the dollar/won pair was at 1154.50.
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The Bank of Korea surprised markets by cutting its policy rate by 25 basis points to a record-low of 1.25 percent. A Reuters poll of analysts showed markets expected the central bank to keep rates steady at 1.5 percent. South Korean stocks had a muted reaction to the decision, with the benchmark Kospi trading as high as 2,033.46 after the decision, compared with around 2,030 before the announcement. The index was up 0.17 percent at 2030.45 at 9:34 a.m. HK/SIN. 
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