SK Hynix reported its second-quarter profit dropped in annual terms as a stronger won offset shipments growth.
The Kiwi was crushed as the country's central bank warned against its strength following its decision to hike interest rates.
New Zealand's central bank raised rates but said it would pause as it looked at the impact of its tightening and watched inflation.
Singapore's tourism sector is bracing itself for a recurrence of last year's severe air pollution, with precautionary measures already in place.
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Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the Reserve Bank of New Zealand is trying to "re-connect" its currency with the country's key commodity exports.
Shen Jian Guang, Greater China Chief Economist at Mizuho, says it's likely for China to hit its growth target as stronger stimulus fuels economic activity in the second half of 2014.
Ahead of quarterly earnings due Thursday, Rumit Dugar, Analyst, IT, Telecom & Media, Religare Capital Markets, says factors like wage hikes and currency appreciation may hurt Wipro's results.