The top headlines this hour with CNBC's Sri Jegarajah.

The BoK raised interest rates by 25 bps to 5.25%, the first hike in 12 months. Richard Yetsenga, regional FX strategist at HSBC thinks this is the first and last hike in the cycle. He tells CNBC's Arnold Gay why.

The BoK raised interest rates by 25 bps to 5.25%, the first hike in 12 months. Richard Yetsenga, regional FX strategist at HSBC thinks this is the first and last hike in the cycle. He tells CNBC's Arnold Gay why.

Is China an emerging superpower or is it the re-emergence of a historic power? Gavin Menzies, author of "About 1434: The Year a Magnificent Chinese Fleet Sailed to Italy and Ignited the Renaissance" discusses this, with guest host, Gerard Lyons from StanChart, CNBC's Amanda Drury, Sri Jegarajah & Martin Soong.

Hyflux's second-quarter profit surged 290%, largely driven by its businesses in the Middle East, North Africa and China. Sam Ong, group deputy CEO & CFO at Hyflux shares the firm's outlook, with guest host, Gerard Lyons from StanChart, CNBC's Amanda Drury & Martin Soong.