A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Asian stocks go into Thursday's session on the defensive, underperforming on Wednesday after figures showed thatFoxconn's results may help lift the gloom, after the firm on Wednesday forecast a brighter third quarter ahead of peak shopping season at the end of the year. But that is only relative to a near 14% drop in Q2 revenue year-on-year.
However well - or otherwise - Yellen's visit goes, there will be no quick fix. Former Vice Commerce Minister Wei Jianguo said the controls are "just a start". Headline inflation eased to a one-year low of 2.8% in May, but core inflation moderated only a bit to 3.5%, suggesting Bank Negara Malaysia will hold its key rate higher for longer.
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